Today's US Non-Farm Payroll Report and Unemployment Rate Data Report
Its the day after July 4th USA Independence day and the markets largest economic data report in the financial universe . . . the US Non-Farm Payroll report.
The non-farm payroll report is the monthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy. Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so. A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely.
Successful Forex Futures Scalping
Scalping highly leveraged forex and futures market is a stressful trading strategy. The mindset you need to have with scalping Forex can too stressful if you consider the volatility of major currencies during large volume trading sessions.
If your scared of scalping because of the wild spreads, high risk and stress you're not alone. But done right, it can be very profitable and a lot less stressful.
Click here to check out this free system that's doing it the right way.
There are psychological factors that you must deal with like a bunch of losing trades. Then there are trades you made that give you big returns possibly making you now over confident to take on more risk on your next trade only to become a losing trade that almost kills your entire trading account.
This free high-frequency trading system is a genetically-modified scalping method that cuts your risk while maximizing your results. It's a mind blowing easy to learn strategy that's a joy to trade.
There's no need to be scared anymore scalping with these two free indicators.
Click here to review more investing and trading resources.