How to Prepare for Nonfarm Payrolls: Volatility, Risk and Execution
An NFP trading strategy is mostly preparation: knowing what the market has priced, which component will move rates, how far the pairs typically travel, and what the spread and slippage do in the first minute. This guide works through the week before, the hour before, the release itself and the hour after, with the one trade that has a defined edge (the post-release pullback) and the two that do not (guessing the number, straddling the spike).