Nonfarm Payrolls (NFP) is a monthly report that estimates the net number of jobs gained in the US in the previous month, excluding those in farms, private households, and non-profit organizations. The NFP is part of the Employment Situation report, released by the Bureau of Labor Statistics, an agency for the US Department of Labor. The NFP data is an important economic indicator related to employment in the US and affects trading and volatility in the foreign exchange market. The financial assets most affected by the NFP data include the US 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. The NFP report consistently causes one of the largest rate movements of any news announcement in the forex market. The NFP data is normally released on the first Friday of every month at 8:30 AM ET.

In summary, NFP forex refers to the trading of foreign exchange based on changes in employment data in the US, as reported in the monthly Nonfarm Payrolls report. The NFP data is an important economic indicator that can cause significant volatility in the forex market.