Non Farm Payroll News

I have read from this article, that NON FARM PAYROLL news plays a big roll.
And that news released on first Friday of every Month at 12.30 GMT.

But i am unable to see that news in Calender of ForexFactory. Is that was old article? and now concept is changed? or news title is changed? or what else?

Thanks
Burhan Khan

It's called NonFarm employment change in the FF calendar.

Ooh i c!

The following chart of EUR/USD is for 2 Nov. You can see that trading was moved rapidly at 11:30 GMT. Is news released one hour before 12:30? Or there is any other reason?

Chart time is GMT+2.

Generally, the news traders start taking positions, and the large banks start to pull their liquidity out, about an hour before NFP is announced. This makes the price start to move suddenly even though the report hasn't come out yet.

This is an excellent time in Forex to lose a lot of money and have all your stops hit. Spreads go through the roof on every broker (ECN's as well). There is no liquidity. You'll get re-quoted. Or, you can put in a trade before the news, and hope that you are correct. But it doesn't mean that your 20 pip stop loss will actually get you out at that price if you are wrong, because no one will be selling and everyone will be trying to buy, or vice versa, after the news comes out.

Unless you have a position from several days before on, many will advise you to stay away from trading during this time.