How do you read a full data report, not just the headline?
The headline number moves first; the details decide whether the move lasts. Revisions, components, internals — the full report rewards the traders who read past line one.
What's your reading method?
- the sections you check after the headline
- the revisions and internals that change your view
- the report where the details reversed the first move
The CPI guide and payrolls guide model this reading.
Background: Non-farm payrolls explained: why the US jobs report moves the dollar
The monthly Employment Situation report is one of the most traded events in currency markets. What it measures, when it comes out and why the first move often fades.
When is the non-farm payrolls report released?
Usually on the first Friday of the month at 8:30 a.m. New York time. The exact dates are on the Bureau of Labor Statistics release schedule.
What is a good NFP number?
There is no fixed level. Markets react to how the figure compares with economists' forecasts, and to revisions, wages and the unemployment rate in the same report.
Comments
Log in to join the discussion. Comments follow the community guidelines.
Log in to commentLoading comments…