How To Trade Nonfarm Payroll-NFP

Nonfarm Payroll and the Pullback strategy.

What is NFP?

Nonfarm Payroll (NFP) is an economic indicator for the United States economy. It presents the number of jobs added excluding the agriculture sector (farm employees), government employees, private household and those of NGOs.

NFP new outbreak generally cause broad movement in the forex market. The news is released every first Friday of each month at 8:30 AM ET and 13:30 PM CAT.

What You Need to Know About NFP and Forex

• It creates high volatility in the forex market.
• Measures net changes in employment jobs.
• FX traders use economic calendar to prepare for NFP release.

How Does NFP Affects The Forex Market?

NFP is released by the Labor Statistics Bureau and release can be seen on an economic calendar. It is a great indicator for the current state of an economy.

Employment is a great tool for the Fed Reserve Bank. When unemployment is high, policy makers tend to have an expansionary monetary policy (boost low interest rates). The goal of expansionary monetary policy is to increase economic output and employment as well.

If unemployment rate is higher than usual, its obvious the economy is below its potential and policy makers will try to stimulate it. It lowers interest rates and reduces demand for USD.

Forex traders are ears-up of NFP data release. Traders should know that due to sudden increase in volatility, spreads do too and increased spreads can also lead to margin increase.

Currency Pairs are Most Affected by NFP

The NFP is a USD indicator, so your currency pairs include EURUSD, USDCHF, USDCAD, GBPUSD, AUDUSD, USDCHF, USDJPY and may others. Some pairs not even related to the NFP also show some mean volatility so traders should be aware.

Due to the volatility nature of the NFP, kingofpips of the Cameroon Online School of Forex urge traders around the world to use the pull-back strategy rather than breakout strategy. With the pull back strategy, traders should wait for a retrace before entering a trade.

NFP and pullback strategy

Points to Take Home

1. NFP release is accompanied with high volatility and increased spreads.
2. Currency pairs nit related to the USD could also be affected and spreads widened.
3. Finally NFP is released every first Friday of the Month.

To learn forex trading with Cameroon Online School of Forex, simply whatsapp +237675421156 for our next training batch or join here us https://chat.whatsapp.com/Ee . If you have been searching for the best broker in the Forex market, contact us to help you with one, best account type and a good leverage. Or just signup here https://my.octafx.com or https://fbs.com.

CMRFOREX-Cameroon Online School of Forex, 2020. 

A Reunion Message From Stanley Enow to Jovi Through Reniss

Left: Jovi and Right: Stanley Enow

Stanley Enow the most prolific Cameroon rapper on the 2nd Aug. 2020 sent a message to Jovi the finest MbokoGang god and the creator of pidgin rap style in Cameroon through Reniss, the real root Makossa queen, the mother of the Newbell Empire through a Facebook status update.

Here is what the Motherland Empire CEO said to Jovi through Reniss:

Facebook status of Enow carry cool vibes to Reniss.

I don't know whether the MbokoGang interpreted it negatively or positively "Up and coming Afropop singer". I think she is up and coming and one of the best in Central Africa. On the screenshot one can clearly see New Bell Music.

Note that on the 5th Aug, 2020 Jovi wrote a short blog post where nobody could actually sort out the milk or sour in it. He posted "avoid shame". No one can actually say if he was pointing at Stanley or others he is never ok with.

One can't actually say whether they are cooking a collabo or not but the love from this move is colored Saphire and golden yellow. The question is, will Jovi accept the collabo?

Music lovers of the two stars who are always at war on all social media platforms didn't say a word about this peaceful move. The 2 stars have never think of a collaboration after a clash at the start of their career. Every Cameroon music lover wish to ever see the Duo perform on one stage.

When my secret eye caught this status update i expected Jovi and his gang to react but non of them didn't cough for this love move Stanley Enow took. Every young Cameroonian into music need a father to show them love and if these two can remove ego and create a loving breeze, the others will follow suit.

A lesson to young artists in Cameroon:

War is a new normal in the 237 musicsphere that keep extending to other arts. Young artists are caught up with pride at the start of their beautiful career. Great African stars like Psquare, Wizkid, Davido, Salatiel, Koffi e.t.c didn't grow on beef. Meet great stars follow their rules if they are great and grab your dream.

Question??? Does the MbokoGang like this move? Drop your comment below.

Cameroon: Recruitment Of 310 Civil Aviation Agents-Airport Security Agents

The Cameroon Civil Aviation Authority under the ministry of transport in Cameroon has launched a recruitment of 310 Civil Aviation agents for the 2020 fiscal year. 

The director informs the general public that a written test shall be organized in 2 unique centers of Yaounde and Douala to select 310 security agents to work in Cameroon international airports.

The security agents shall conform to the laws that guides the supervision of the airports.

Eligibility

• Be a Cameroonian between ages of 18 and 35 before the 31st December, 2020.
• Be a holder of BACC/GCE A or CAP/BEPC.
• Have a mastery (speaking and writing) of the two official languages in Cameroon (French and English).
• Be physically fit to work days and nights.
• Communication and team work is obligatory.

IF YOU HAVE A SCHOOL,SHOP, SUPERMARKET, OR ANY BUSINESS, LINKS TO ADVERTISE, CONTACT US NOW +237675421156.

Required Documents

• An application letter addressed to the Director General of Cameroons' Civil Aviation Authority(CCAA).
• A motivation letter.
• A photocopy of birth certificate.
• A photocopy of your national ID card
• A curriculum Vitae.
• Photocopy of required document.
• Colored 4x4 sized photos

Selection Process

1. Selection of candidates based on documents submitted.
2. Medical checkup (Fee 20 000frs)
3. Written exams

Examination Dates

Yaounde-26th to 28th August, 2020.

Douala-02nd to 04th September, 2020.

Date limit: send your documents to inscription.aviationauthority20@gmail.com before 3: 00PM on the 8th Aug, 2020. Note that documents that incomplete documents or documents deposited after the 8th shall not be accepted.

www.fly4studycm.com is your home of latest news, jobs, admissions and scholarships worldwide.

Top Scholarships In Germany For International Students in 2020

There are a host of universities in Germany offering scholarships in 2020 for international students to study in German universities in the 2020/2021 academic year. The scholarship levels are undergraduate, graduate and doctorate studies.

There are many advantages in Germany as a foreign student even if you are not offered a scholarship as you have the opportunity of low tuition fee, highly qualified and top ranked universities. 

If you wish to student in Germany out of your own, you need to own a bank account in Germany. The money in your account is yours but all you need is a participation fee which is not up to 100 EUR. 

There are also online banks where you can as well create an online bank account before you apply for a visa in your home country.

Here is a list of top scholarship in Germany;

Heinrich Bell Foundation scholarship

Afrika Kommt Scholarships for african students in 2020

International Students attend scholarships at MPIWG in Germany, 2020

2020 Dorothea Schlozer Postdoctoral Scholarship for German female Students

Germany is one of the powerhouse of the European economy. Studying in the country take you straight to the firsthand practical study you have dreamt of. Apply today and grab your bright side.

Fly4studycm.com is your home of national and international student admission and scholarship everywhere in the world.

Top 10 English Speaking Countries In Africa in 2020. Is Your Country There?

English language is an inherited language in Africa and many parts of the world including the United States, Australia, Newzealand and many other countries who consider English as their first language. It's origin is from England. 

Today we are going to make a countdown on the top 10 English speaking countries in Africa in 2020. Our criterion includes; pronunciation, number of population using the language in reading, writing, speaking and can understand (listen) and finally the advancement in classroom tools.

1. South Africa tops the list considering that the language is commonly used in daily commercial and public life. Out of her 58 million inhabitants, about 45 million use the language at 60%.
2.  Uganda occupies the 2nd place. The World linguistic Society last year named Uganda as the best English speaking country in Africa. English is used in all Uganda's schools, and almost all institutions.

The top 2 countries on our list can articulate English words fluently than other English speaking countries.

       3. Kenya

       4. Nigeria

       5. Zambia

       6. Botswana

       7. Zimbabwe

       8. Ghana

       9. Rwanda

     10. Malawi

English and French are the widely spoken languages in Africa captured from colonial master. A few countries speak German, Spanish and Belgian. 

A few African countries are bilingual and can speak both French and English and use them as their official languages in both commercial and daily life like the case of Cameroon.

More than 20 countries in Africa use English as their official language while 26 uses French especially the Northern African countries while the Southern part is dominated by English speakers jumbled with a few French speaking countries.

The most dominant African languages used in Africa and by their country of origin are Swahili, Igbo, Amharic, Yoruba and the Zulu.

The floor is open for your own idea about the classification on the comment section.