One of the most important economic indicators to hit the global financial markets is the US Non-Farm Payroll (NFP) report. Released on the first Friday of each month, at 8:30am EST, by the US Bureau of Labor Statistics, the report gives the total number of paid workers in the US economy, minus the farming sector, government and private household employees.
The report provides a way to gauge the state of the US economy, the largest economy in the world and closely watched by a huge number of traders and investors worldwide. This is why, the markets typically respond with huge movements in asset prices, especially forex prices, when the data is released. This, in turn, offers, plenty of trading opportunities.