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New Nonfarm Payroll Spread Trading Market from FinancialSpreads

FinancialSpreads create a new market on the US Nonfarm Payroll.

London, United Kingdom, June 06, 2014 --(PR.com)-- FinancialSpreads, the London based spread trading company has launched a new Nonfarm Payroll market.

The monthly US Nonfarm Payroll (NFP) report is one of the most closely followed pieces of data because it covers the majority of paid workers in the US. It shows how many jobs were created compared to the previous month. Therefore investors use it as a strong indicator of the health of the American economy.

The FinancialSpreads market for the May NFP report opened at 200-230, where each point represents 1,000 new jobs.

This means investors can speculate on whether they think more than 230,000 jobs, or less than 200,000 jobs, were created in May.

According to Adam Jepsen, spokesman for FinancialSpreads, the new market gives traders important new options for one of the most volatile times of the month.

"We believe this is one of the most important new spread trading markets in years.

"The Nonfarm Payroll data is often the most closely watched economic release in a given month because it is a strong indicator of how America, the world's largest economy, is performing.

"The markets can be particularly volatile just after the data is released.

"The new FinancialSpreads market now gives investors a number of options. Firstly, they can take a view on the state of the US economy. Secondly, they can use our new market to hedge their positions in other markets."

The next NFP report is released on Friday 6 June at 1.30pm UK time. The FinancialSpreads market will close for trading 15 minutes earlier at 1.15pm.

How Does the Nonfarm Payrolls Market Work?

The FinancialSpreads market opened at 200-230, where each point represents 1,000 new jobs.

If an investor thinks that more 230,000 jobs were added in May then they would 'buy' the market at 230. In this example they use a stake of £3 per point.

Should the official Nonfarm figure come in at 270,000 then the FinancialSpreads market would close at 270. If so, the investor would make a profit of 270 - 230 multiplied by the stake of £3 per point = £120.

Conversely, if the release points to a rise of just 195,000 new jobs then the investor would lose 195 - 230 multiplied by the stake of £3 per point = £105.

Note that spread trading lets investors short a market, i.e. speculate on it to fall. If an investor thought the data would be poor they could speculate that less than 200,000 jobs were created in May.

Spread trading and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.

About FinancialSpreads

The www.FinancialSpreads.com trading platform has more than 3,000 separate spread trading and CFD markets.

In addition to the new Nonfarm Payroll market, investors can trade a number of IPO grey markets such as TSB, Zoopla and Alibaba.

Many popular markets are offered 24 hours a day from 23:00 on Sunday evening to 21:15 on Friday evening, including more than 35 forex markets, the UK 100, Germany 30, crude oil, gold and silver.

FinancialSpreads is a trading name of London Capital Group Ltd (LCG) which is authorised and regulated by the Financial Conduct Authority. LCG is a company registered in England and Wales under registered number: 3218125. Registered address, 2nd Floor, 6 Devonshire Square, London, EC2M 4AB.
Contact Information
Financial Spreads
Adam Jepsen
+44 (0)20 7234 9124
Contact
www.financialspreads.com
2nd Floor
6 Devonshire Square
London
EC2M 2AB
UK

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