A cryptocurrency exchange or a digital currency exchange is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies.
Cryptocurrencies typically use a decentralised network to carry out secure financial transactions. Due to the massive popularity of cryptocurrencies over the past years, they have become a conventional and popular asset.
The main purpose of this new technology is to allow people to buy, trade and invest without having to rely on banks or any other financial institutions.

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Foreign Exchange trading, also known as trading, has gained enormous popularity in recent years among layman individuals due to the growth of online brokers and the technological development of online trading platforms.
When trading you are buying one currency by using another. Therefore, the FX trader is trading currency pairs and not each currency individually. Take for example the EURUSD, when buying the pair – it means you are buying EUR using (selling) USD. When selling the pair – it means you are buying USD using (selling) EUR.

Nonfarm Payroll Employment is a compiled name for goods, construction and manufacturing companies in the United States. It does not include farm workers, private household employees, or non-profit organization employees. It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market. The financial assets most affected by the nonfarm payroll (NFP) data include the United States dollar, equities and gold. The markets react very quickly and most of the time in a very volatile fashion around the time the NFP data is released. The short-term market moves indicate that there is a very strong correlation between the NFP data and the strength of the US dollar. Historical price movement data shows a small negative correlation between the NFP data and the United States dollar Index. The Bureau of Labor Statistics releases preliminary data on the third Friday after the conclusion of the reference week, i.e., the week which includes the 12th of the month, at 8:30 a.m. Eastern Time; typically this date occurs on the first and last Friday of the month. Nonfarm payroll is included in the monthly Employment Situation or informally the jobs report and affects the United States dollar, the Foreign exchange market, the bond market, and the stock market. The figure released is the change in nonfarm payrolls (NFP), compared to the previous month, and is usually between +10,000 and +250,000 during non-recessional times. The NFP number is meant to represent the number of jobs added or lost in the economy over the last month, not including jobs relating to the farming industry.

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