#NFPCryptoImpact

As we are getting closer to the release of the next Non-Farm Payroll report which is released on the first Friday of every month at 8.30am EST (Today); we thought it would be ideal 💡 to write about:

What exactly is the report

How it affects the global economy

In what way does it affect the cryptocurrency market

What can we expect from the upcoming report?

The U.S. non-farm payroll report (also known as the non-farm employment report) is key data indicating the strength of the U.S. economy. We tend to see markets respond to the release of this data with subsequent huge moves; so for this reason, understanding how the NFP impacts the global and crypto markets is a great skill for traders and investors alike!