Web Trader MT5
For one Friday each month, the entire financial world stops to watch a single US number. Non-farm payrolls, the NFP, counts how many jobs the American economy added or lost in the previous month, excluding farm workers along with a few other categories. Released by the Bureau of Labor Statistics, it is arguably the most important economic data point on the calendar, because the health of the jobs market drives Federal Reserve policy, and Fed policy can influence financial markets. A big surprise, up or down, can cause sharp movements in currencies, bonds, and stocks in seconds. Example: A foreign company earning profits in a non-convertible currency may find it cannot simply convert that money into dollars and send it home, because the government restricts how much local currency can be exchanged and repatriated; it must navigate central-bank approvals and controls, or watch its earnings sit stranded in a local account. That friction is exactly why investors may consider non-convertibility as a risk before putting money into such an economy in the first place.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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