Time for the biggest US jobs report since errr the last one
That means it’s time for the Non-farm payrolls competition!
So, a shocker of an NFP number last month took everyone by surprise. We all knew there was a risk of an outlier number, what with revisions and counting changes but no one saw that coming in our competition. The closest winner last month was 237k away!
Still, that’s what makes the NFP such a great event in our trading month, and this month is just as spicy. Because of the big number last month, this month’s will get a lot of scrutiny over its meaning for last month. For example, a -400k number this month could be seen in the context that across both months, jobs only gained 117k, which would be seen as weak. on the flipside, a -50k loss, while being the first negative print since late 2021, would mean an average across Jan & Feb of 233.5k, which is well in line with recent numbers. The reaction is likely to be a question of scale, based on the market’s reading of both months together. And, we haven’t even started on what happens if last month sees a big revision. All in all, it’s just another lottery for us to play with.
Anyway, enough of the waffle, let’s get into the competition.
On offer again is a free month of access to the Forex Analytix platform, for 3 lucky winners. All you have to do is guess closest to the NFP number on Friday.
- 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.