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Chase away the end of summer blues with our NFP competition
Get your trading teeth into the latter part of the year in our fanatastic trading community
Yep, summer trading is nearly over and volatility is going to ramp up as we get stuck in to what’s to come in the final months of the year. It’s going to be big for the fundamentals, for central banks and geopolitics. You can navigate all of that in great company by simply picking a number for this week’s US NFP. Three lucky winners who get closest to the number will each win a free month in our chatroom.
All you have to do is pick what you think the US NFP number will be Friday 1st September 2023, and place it in the comments on the tweet of this post.
The rules:
- You pick a number as your guess for the Friday NFP number – 1 guess per person
- First person who picks a number gets it (you can pick another number if your 1st guess is taken)
- Closest to the number wins. In the case of a draw or split, the person who entered first by time gets it
- Place your guesses in the replies on the tweet of this post only (@forexanalytix)
- Entries in by 12.29:59 GMT Friday
Want to know what fantastic services await on our platform??
- Chatroom with news, research (inc Spanish speaking chatroom), and live trading room, where over 100+ intraday traders chat each trading session.
- Quick analysis on 30 instruments.
- Breaking market news and insight.
- Super-fast live data releases
- Daily key interbank FX order levels and updates
- Full daily Forex option expiries and barrier report
- Commentary and recent charts, formations and setups.
- PIP (Pattern In Play). Where technical patterns identify potential moves.
- Live market squawk integration
- Top financial research
- Web based platform with desktop notifications
- App for mobile devices and tablets which offer push notifications when new analysis is posted or when key levels are broken.
- Live (private) webinars exclusively for Forex Analytix members throughout the trading day.
- Live charting
- Money Management tool
Remember, even if you don’t win, you can still benefit from access to the platform via an exclusive ForexFlow 20% discount right here. This discount is for the life of your subscription, not just for a couple of months.
If you miss out on the prize, you can also get free access to the Forex Analytix Platform via our Traders Funding Program. You can check out the details here.
We wish you all the luck.
Silver’s Awaited Breakout: Navigating Market Dynamics and Patience
Today, I want to talk about silver because it’s one of the things that everyone expects to break higher.
Get on board our US NFP competition
Go into the summer with free access to the Forex Analytix Platfrom
It’s summer and time for our US Non-farm payrolls competition. Three lucky winners will get a free month’s access to the best trading community around.
What does one have to do to win such a great prize?
All you have to do is pick what you think the US NFP number will be 4th August 2023, and place it in the comments on the tweet of this post.
The rules:
- You pick a number as your guess for the Friday NFP number – 1 guess per person
- First person who picks a number gets it (you can pick another number if your 1st guess is taken)
- Closest to the number wins. In the case of a draw or split, the person who entered first by time gets it
- Place your guesses in the replies on the tweet of this post only (@forexanalytix)
- Entries in by 12.29:59 GMT Friday
Want to know what fantastic services await on our platform??
- Chatroom with news, research (inc Spanish speaking chatroom), and live trading room, where over 100+ intraday traders chat each trading session.
- Quick analysis on 30 instruments.
- Breaking market news and insight.
- Super-fast live data releases
- Daily key interbank FX order levels and updates
- Full daily Forex option expiries and barrier report
- Commentary and recent charts, formations and setups.
- PIP (Pattern In Play). Where technical patterns identify potential moves.
- Live market squawk integration
- Top financial research
- Web based platform with desktop notifications
- App for mobile devices and tablets which offer push notifications when new analysis is posted or when key levels are broken.
- Live (private) webinars exclusively for Forex Analytix members throughout the trading day.
- Live charting
- Money Management tool
Remember, even if you don’t win, you can still benefit from access to the platform via an exclusive ForexFlow 20% discount right here. This discount is for the life of your subscription, not just for a couple of months.
If you miss out on the prize, you can also get free access to the Forex Analytix Platform via our Traders Funding Program. You can check out the details here.
Have a go, and best of luck!!
The Winners Circle
Well, some fine guessing from you folks this month. Lots of guesses in and around the 170-190 mark, so it was a close run thing.
However, there can only be 3 winners, and here they are;
1.chris @skybluchr (nail on the head) 187k
2.Mike @MikeBergMM 188k
3.Alexandre Janeiro @N1njaWarri0r 190k
A special mention to our very own Blake @PipCzar, who far from missing the nail on the head, usually misses the nail altogether. In fact, the hammer often comes out his hand and goes through the nearest window 😂 He called 189k so, he gets bragging rights in FA towers. As for my proprietary model, it shouldn’t have carried the 1 🤭
As always, thank you all for playing and we’ll be back again next month.
The Central bank ABC – Easy as 123?
Here’s three scenarios for each of the three central bank decisions
A – Fed
- The last hike. A clear message that they are on pause (with obvious caveats that they would be prepared to do more if the situation arose). Victory laps on inflation coming down. Worried about the economy, worried about too tight financial conditions. Low probability – Very bearish USD & yields.
- Hike and keeping another firmly on the table. Data dependency for the next hike. Maintaining the higher for longer message. Warnings about a ‘job still to do’ on inflation. Financial conditions tightening but not yet to problem levels. Economy still doing well but monitoring any weakness. Jobs still strong. High probability – USD & yield positive but may not be lasting as the market will still anticipate we’re at the end of the cycle.
- Hawking til the end. Hike now, definite hike later. May pause after that but with an eye for further hikes. Economy still strong. Inflation is still a big problem, worried about it returning. Low/medium probability – Very bullish USD & yields.
B – ECB
- Another last hike. The doves finally draw the line in the sand and it’s time for the hawks to concede some ground. Tighter financial conditions, falling inflation/PPI data, worsening economy (especially Germany). Recession fears. Low probability – Uber bearish EUR.
- A hike and September very much in play (data dependency again). Core inflation still sticky (went up last month) but other parts of the economy are notably slowing. Financial conditions are tightening further. Recession still not base case but risk to the outlook is growing. To maintain higher for longer until the job is done on inflation. Talk on increasing QT. High probability – Moderately bullish EUR strength (again may be time limited). There’s a bit more dovish expectation to undo here than for the Fed.
- July and Sep are going to see rates rise. Door not closed for hikes after that. Not concerned with financial conditions. Data is troubling but will not stop them hiking unless it gets much worse. No recession likely. QT increase announced and spun almost like a rate hike replacement to keep tightening policy stance. Medium probability – Bullish EUR.
C – BOJ
- No action, no tweaks, no forecast changes, no language changes, no hints – Low probability – Very bearish JPY.
- No action but higher inflation forecasts (at least above target for FY2023, small chance above target FY2024). Language change to reflect change in inflation assumption to more hawkish. Hints for a tweak later down the line High probability – Bullish JPY
- Forecasts up, a YCC tweak, language hawkish but cautious – Low/medium probability – This would bring a big bout of strength for JPY but also give the BOJ some breathing space. YCC isn’t interest rates so it’s not huge tightening if they move the band. We may see too much of a market overreaction on this outcome.
Obviously there are many different outcomes for these three bank meetings but I hope this give you a broad set of outcomes with which to base your trading plans on.
We’re taking our US Non farm payrolls competition up a notch
We have an amazing prize for this month’s NFP competition. A free Trader Funding Program assessment!
It’s time again for our US NFP competition and we have a speical prize.
We’re halfway through the year and so we’ve decided that we want to give one lucky trader the opportunity to scale up their trading in the second half of 2023, by trading our money via a $50,000 TFP account.
If you haven’t heard of our Trader Funding Program before, if you pass an assessment, you could trade account sizes from $25,000 to $1,000,000, and you could take 75-90% of all profits. You will also receive the standard two free months of access to the Forex Analytix platform that comes with a $50,000 assessment. Full details of the Trader Funding Program are available here.
You can also check out Forex Analytix CEO, Blake Morrow, who wanted to take the assessment so that he could understand exactly what was involved, so we can help traders through it.
There will still be a total of three winners as we will still give two other lucky winners a free month on the Forex Analytix Platform.
All you have to do is pick what you think the US NFP number will be 7th July 2023, and place it in the comments on the tweet of this post.
The rules:
- You pick a number as your guess for the Friday NFP number – 1 guess per person
- First person who picks a number gets it (you can pick another number if your 1st guess is taken)
- Closest to the number wins. In the case of a draw or split, the person who entered first by time gets it
- Place your guesses in the replies on the tweet of this post only (@forexanalytix)
- Entries in by 12.29:59 GMT Friday
Want to know what fantastic services await on our platform??
- Chatroom with news, research (inc Spanish speaking chatroom), and live trading room, where over 100+ intraday traders chat each trading session.
- Quick analysis on 30 instruments.
- Breaking market news and insight.
- Super-fast live data releases
- Daily key interbank FX order levels and updates
- Full daily Forex option expiries and barrier report
- Commentary and recent charts, formations and setups.
- PIP (Pattern In Play). Where technical patterns identify potential moves.
- Live market squawk integration
- Top financial research
- Web based platform with desktop notifications
- App for mobile devices and tablets which offer push notifications when new analysis is posted or when key levels are broken.
- Live (private) webinars exclusively for Forex Analytix members throughout the trading day.
- Live charting
- Money Management tool
Remember, even if you don’t win, you can still benefit from access to the platform via an exclusive ForexFlow 20% discount right here. This discount is for the life of your subscription, not just for a couple of months.
If you miss out on the prize, you can also get free access to the Forex Analytix Platform via our Traders Funding Program. You can check out the details here.
Check out last month’s winners here.
Have a go, and best of luck!!
Do you think you know better than the “experts”?
Have a crack at our US non-farm payrolls competition
The so called “market experts” think that Friday’s US non-farm payrolls will come in around 190k vs the 253k in April. If you think you know better, come and have a go at our NFP competition. Pick a number for the NFP and you could be one of three lucky people to win a free month on the Forex Analytix platform.
How do you go about winning? All you have to do is guess closest to the NFP number on Friday.
The rules:
- You pick a number as your guess for the Friday NFP number – 1 guess per person
- First person who picks a number gets it (you can pick another number if your 1st guess is taken)
- Closest to the number wins. In the case of a draw or split, the person who entered first by time gets it
- Place your guesses in the replies on the tweet of this post (@forexanalytix)
- Entries in by 12.29:59 GMT Friday
Want to know what fantastic services await on our platform??
- Chatroom with news, research (inc Spanish speaking chatroom), and live trading room, where over 100+ intraday traders chat each trading session.
- Quick analysis on 30 instruments.
- Breaking market news and insight.
- Super-fast live data releases
- Daily key interbank FX order levels and updates
- Full daily Forex option expiries and barrier report
- Commentary and recent charts, formations and setups.
- PIP (Pattern In Play). Where technical patterns identify potential moves.
- Live market squawk integration
- Top financial research
- Web based platform with desktop notifications
- App for mobile devices and tablets which offer push notifications when new analysis is posted or when key levels are broken.
- Live (private) webinars exclusively for Forex Analytix members throughout the trading day.
- Live charting
- Money Management tool
Remember, even if you don’t win, you can still benefit from access to the platform via an exclusive ForexFlow 20% discount right here. This discount is for the life of your subscription, not just for a couple of months.
If you miss out on the prize, you can also get free access to the Forex Analytix Platform via our Traders Funding Program. You can check out the details here.
Have a go, and best of luck!!
Non-farm payrolls competition – Can you become a legendary NFP champion?
Our Non-farm payrolls competion is ready to rock
Here we go again folks! Nearly time for that all important US jobs number, which means nearly time for you to win a wonderful prize.
With no signs of the US jobs market wobbling, will this be the month it does (been saying that for a year-plus now), or will we see continued robustness? If you fancy making a guess about that, you can do so in our NFP competition. Pick a number for the NFP and you could be one of three lucky people to win a free month on the Forex Analytix platform.
How do you go about winning? All you have to do is guess closest to the NFP number on Friday.
The rules:
- You pick a number as your guess for the Friday NFP number – 1 guess per person
- First person who picks a number gets it (you can pick another number if your 1st guess is taken)
- Closest to the number wins. In the case of a draw or split, the person who entered first by time gets it
- Place your guesses in the replies on the tweet of this post (@forexanalytix)
- Entries in by 12.29:59 GMT Friday
Want to know what fantastic services await on our platform??
- Chatroom with news, research (inc Spanish speaking chatroom), and live trading room, where over 100+ intraday traders chat each trading session.
- Quick analysis on 30 instruments.
- Breaking market news and insight.
- Super-fast live data releases
- Daily key interbank FX order levels and updates
- Full daily Forex option expiries and barrier report
- Commentary and recent charts, formations and setups.
- PIP (Pattern In Play). Where technical patterns identify potential moves.
- Live market squawk integration
- Top financial research
- Web based platform with desktop notifications
- App for mobile devices and tablets which offer push notifications when new analysis is posted or when key levels are broken.
- Live (private) webinars exclusively for Forex Analytix members throughout the trading day.
- Live charting
- Money Management tool
Remember, even if you don’t win, you can still benefit from access to the platform via an exclusive ForexFlow 20% discount right here. This discount is for the life of your subscription, not just for a couple of months.
If you miss out on the prize, you can also get free access to the Forex Analytix Platform via our Traders Funding Program. You can check out the details here.
Good luck!!
THE WINNERS
A closely fought contest this month with some very close guesses. We have a tie for first and second places.
Joint first is @rudy56637433 (254k) and @JaidenDhaliwal (252k).
Joint second is @James_Groom (256k) and @PercyTerraceBnB (250k).
So, there’s 4 winners this month who will each recieve a free month on the Forex Analytix platform.
Well done you folks, and unlucky to the rest of us. Thanks for playing and we’ll be back next month.
Gold Eyeing New Supports For a Bounce – Elliott Wave Analysis
Last week, the US CPI exceeded expectations with a reading of 5.0%, resulting in a weaker US dollar (USD) at the beginning of the week.