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  1. US DOLLAR PRICE OUTLOOK: ALL EYES ON NONFARM PAYROLLS REPORT Broad-based US Dollar strength is propelling the DXY Index to 12-week highs ahead of NFPs US Dollar bulls are flexing their muscles due to the threat that FOMC officials may taper QE Nonfarm payrolls might need to top 845K to catalyze a sustained breakout by the US Dollar MAIN TALKING POINTS Non-Farm Payrolls (NFP) releases create volatility in the forex market. NFP measures net changes in employment jobs. Forex traders use an economic calendar to prepare for NFP releases. NFP releases generally cause large movements in the forex market. The NFP data is normally released on the first Friday of every month at 1:30PM (UK Time). News from DailyFX
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