Non-Farm Payrolls 2022 Dates

Non-Farm Payrolls 2022 Dates

What Is Non-Farm Payrolls?

Non-Farm Payrolls (NFP) also known as Employment Change is all about the change in the number of employed people during the previous month. These stats exclude the farming industry hence it is called Non-Farm Payrolls. The stats are usually released every first Friday of the month, after the month ends .

Why Do We (traders) Care About NFP?

NFP is an important data from the United States which is the leading indicator of  consumer spending which is highly linked to the improved economic activity. Planning improves one’s performance. I always plan ahead because I hate being random. Below is our Non-Farm Payrolls 2022 dates.

Interest Rates Of Major Central Banks

Interest Rates Of Major Central Banks

What Is A Central Bank?

A Central bank is a national bank that provides financial and banking services for its country’s government and commercial banking system. Central banks plays a major role in the markets. Interest rates are the most important event to Forex markets and any discussions that take place in the central bank’s announcements can cause huge volatility and drastic movements in the markets within seconds.

What is the role and function of a Central Bank?

  • To set official bank rates used to manage inflation and exchange rates
  • To issue a country’s currency
  • To set targets and monitor economic data while they implement special tools.

One of the special tools that is used by the central bank is Interest/bank rates adjustments. When the Central Bank sees a need to hike or cut their rates, they simply do so. Read more on why do they hike or cut the Rates.

Why Do We (traders) Care?

The biggest factor that shifts the price in the Forex markets is the Interest Rate changes set by the Central Banks. The changes made by the Central Banks in their rates are the indirect response to other indicators/economic data released right throughout the month.

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Check out the latest episode on my Podcast titled “Why you shouldn’t trade with borrowed money”. To read this content on the GO, download the App on Google PlayStore. Below is the table of all central bank’s current Interest Rates.

Reserve Bank Of Australia Interest Rates

Reserve Bank Of Australia Interest Rates

What is A Central Bank?

A Central bank is a national bank that provides financial and banking services for its country’s government and commercial banking system.

What is the role and function of A Central Bank?

  • To set official bank rates used to manage inflation and exchange rates
  • To issue a country’s currency
  • To set targets and monitor economic data while they implement special tools.

One of the special tools that is used by a Central Bank is Interest/bank rates adjustments. When a Central Bank sees a need to hike or cut their rates, they simply do so.

Why do Central Banks hike their Interest Rates?

When the economy is growing at a rate that may lead to hyperinflation (monetary inflation occurring at a very high rate) that is when the Central Bank hikes the county’s interest rate.

Why do Central Banks cut the Interest Rates?

Central banks may cut the Interest Rates to encourage people to borrow more money at a lower rate, be it for new houses or businesses. The aim is to also make saving money less attractive as the returns are lower when the rates are cut.

About Reserve Bank OF Australia (RBA)

Reserve Bank Of Australia’s Interest Rates are released every first Tuesday of the month, excluding January. On the 6th of April, they’ll hold their 3rd meeting of 2021 to decide on their Interest Rates.

Why Do We (traders) Care About Interest Rates?

Interest Rates are a primary tool that a Central Bank uses to valuate their currency. If their plan is to hike, it strengthens the currency and if their plan is to cut, it weakens the currency.

Thank you for stopping by. To help with your planning, below is the annual schedule of RBA. Please kindly share this post to help other traders. You can also download the App on Google Playstore to read on the go and to access weekly tips on trading psychology (only posted on the app). Listen to my latest podcast HERE and kindly share with your friends who are looking for practical Forex content.

FOMC 2021 Dates

FOMC 2021 Dates

What Is FOMC?

The Federal Open Market Committee (FOMC) is a committee within the Federal Reserve System (the Fed). It’s mandate is to oversee the nation’s open market operations (i.e. the Fed’s buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about Interest Rates and the growth of the United States money supply.

On the 27th of January, the FOMC will hold their first Monetary Policy meeting of 2021, where they are expected to hold their Interest Rates at the current <0.25%. Planning is key, save these dates to make your trading year more organized. I recently posted an episode on my podcast about GOAL SETTING. The next episode will be on time about time management.

Below is the annual FOMC dates. Kindly share this post with anyone who may need this information. You can also subscribe to this blog for notifications on new blog posts. If you have an android device, you can also download the App on Google Playstore. Thank you for stopping by.

Non-Farm Payrolls 2021 Dates

Non-Farm Payrolls 2021 Dates

What Is Non-Farm Payrolls?

Non-Farm Payrolls (NFP) is all about the number of jobs that the United States of America creates on a monthly basis. The stats are compared to the previous month and are released every first Friday of the month. There’s more to these stats though as we also have to look at the quality of jobs that were created. Those stats exclude the farming industry, hence it is called the non-farm payrolls. The first one was released at 3:30pm S.A time.

Why Is Non-Farm Payrolls Important?

Economic News 01 – 04 September

Economic News 01 – 04 September

Economic News To Watch This Week Ahead Of NFP

The markets have been very sleepy lately. It is known that the month of August is a very slow moth for trading. This week we have the most watched economic news from the United States. They’ll be releasing their 9th employment stats otherwise known as Non-Farm Payrolls (NFP) on the 4th of September together with their unemployment rates and earnings.

We now have an app where you can access these blog posts at your fingertips. I recently started posting weekly tips on the App that are mainly focusing on Forex trading psychology. The main aim is to help you shape your mindset and gear it up for better trading experiences. The weekly tips are posted exclusively on the app. You can download the app on Google Playstore and make sure that your device allows push notifications to be notified whenever a new weekly tip on Forex trading psychology to improve your trading is posted. Thank you so much for stopping by. Please feel free subscribe for future publications and kindly share this post to reach more traders who may benefit from this content. Below is our weekly economic news to watch this week.

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