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Non farm payrolls is an economic event that occurs on the first Friday of every month.

Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. It does not include farm workers, private household employees, or non-profit organization employees. It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

For foreign exchange traders, US pairs experience extremely volatility and is responsible for over 27% of major account losses.

In this latest Non farm payroll data on March 2020

Expected 175K 

Actual: 225K

TLDR: THE US DOLLAR IS BULLISH. GOOD NEWS FOR THE US ECONOMY

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