Posts

Win Big by predicting the US Non-Farm Payrolls number

Take on the challenge and see if you can guess the latest non-farm payrolls figure

Get the second half of 2024 off to a great start by entering our NFP competition and winning up to FOUR fabulous prizes. Once again, we’ve teamed up with some of our closest partners to bring you an absolute swag bag of goodies. All you have to do is pick a number.

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Joining up the dots ahead of the FOMC

A quick trading preview of Wednesday’s US Fed FOMC meeting

Tomorrow’s meeting is pretty straightforward. No policy change is expected, and the dots are expected to shift to indicate a change in the median to two or even one cut this year.

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Enter our biggest ever US NFP competition

We have the motherload of all US NFP competition prizes this month

Boy, do we have a treat for you this month. We’re always humbled that you want to take part in our competition so we wanted to ramp things up and bring you free access to some of the great resources we use and offer. So, we’ve been speaking to some of our partners and we’ve gathered a big swag bag of prizes this month. As usual, there will be three winners, and those three winners will each win a free month to the Forex Analytix platform as normal. However, we’re also going to offer the first place winner a free 30 minute coaching session with your choice from one of five coaches from our Trader Coaching Program 

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It’s an extra spicy US NFP week for our competition

Have a crack at our US Non-farm Payrolls competition where three lucky people can win a free month on our Forex Analytix Platform and chatroom

It’s NFP week but it’s also FOMC week so could the Fed trump the data, or will the jobs data overshadow the Fed? Just imagine if a more hawkish Powell dents the markets rate cut hopes even further, only to then see a stinky NFP (or vice versa).

Whatever happens, you can take advantage of it by winning a prize if you can guess closest to the NFP print 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 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 using code: FFL20 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.

And if you weren’t aware, we now run a mentorship programme offering one-on-one mentoring for all your trading needs Check out our Trader Coaching here.

 

We wish you all the luck.

The mother of all data points!!!!!!!

Trading the US CPI data

Once again we have a data point being built up into the biggest thing ever since the last biggest thing ever. Is it important? Of course but is it a game changer? I doubt it.

What we’re trading regarding the Fed right now is when and how many cuts there will be. The market is pretty much at 2 cuts, some Fed heads are at 2 cuts and many are saying there’s no rush to cut, so we’re leaning to the less dovish side. That means a hotter, or on the money inflation print today will see the timeline pushed out for cuts, and maybe a reduction (in bps terms) for total cuts this year.

FFR futures are pointing to 60bps of cuts this year, so 10bps over 2 cuts. A hotter number might see that coming down to 50bbps. A more hawkish move would be sub 50bps. I think the risk from this point (on a hotter number) is that we again start to get some of the market talking about hikes again. IIRC there were some small bets being made a couple of months ago so we may see a pick up in that. We know the market likes to go from one extreme to the other. The question will be whether it does that today or not. If it does, then we should expect USD to maybe shift to small dip buying until the next big Fed speaker like Williams (tomorrow), or Uncle Powell, next sits down to tell us what’s what.

I don’t think much changes if the number misses exps but stays above 3%. For me, 3% is the pivot line for the Fed. Another 3% or + print today will make it 10 months of not going below 3%, and that’s a problem IMO. So, while the initial reaction to a softer print might be to sell USD, I don’t think that will last if it keeps a 3 handle. Oh, and don’t get sucked into the “PCE is more important” line of thinking. They watch this just as closely.

Overall, I don’t think we’re going to be seeing USD breaking any new ground today in most pairs. Yes, we might stretch some legs in pairs like AUDUSD but perhaps only to wider range edges like 0.6800 on a softer number, though maybe not in a straight line. Going into today, we know USD has been on the weaker side of things so note that’s the way we’re leaning, and know what it might take to change or keep that pattern.

One pair that’s still in its own world is USDJPY, so as we’re playing the 152 game still, I wouldn’t trust trading that one on the data. There’s plenty of other USD pairs that don’t have such high risk around it.

I’d suggest not getting sucked into the all the ‘showbiz’ around this release. Don’t think we’re going to get an instant 200-300 pip move when we haven’t managed that over all the other inflation prints, PCE prints, NFP prints, FOMCs etc etc. Keep your expectations realistic. Trade your levels, not your hopes and do your homework going into the data on where you would be happy to trade. If you catch the right move, think about taking partials just in case moves fade and reverse (See USDCAD recently as an example). That way you can put money in the bank if you’re right, while managing the rest, and protecting the profit made if it turns against you.

Trade safe everyone.

silver

Silver Pulls Back, Support at $24

Silver has been trading sideways since 2021, indicating a corrective move due to its choppy and overlapping price action.

No Fools Please – It’s time for the US NFP competition

Get your thinking caps on and enter the Forex Analytix US jobs report competition

Time to get a wriggle on and put all your well formed analysis towards something more productive than guessing which way the next 5 pip move in EURUSD is going to go over the next 8 hours 😂

It’s competition time again where three of you lucky souls will win a free month on the Forex Analytix platform. You’ll be able to join the best trading community in the universe and see how some of our experts try and guess the next 5 pip move in EURUSD over the next 8 hours 😂

But in all seriousness, even when there’s low volatility and markets seem to be snoozing, there’s always many in our room seeing a trade.

Anyway, you should know the rules by now but if not, here’s a refresher.

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 using code: FFL20 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.

 

US Yields: Possible For Move Down 3% Rather Than Back To 5%

In the years following the economic reopening after COVID-19, U.S. Treasury yields surged as inflation spiked significantly.

US jobs data time is upon us again

Take part in our US NFP competition

Here we go again with the first NFP reading for 2024 as we get the January jobs numbers. This gives you a chance to take part in our NFP competition where 3 lucky winners will each receive a free month’s access to the Forex Analytix platform.

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.

Kick off 2024 with our US NFP competition

Make 2024 a really happy New Year by winning free entry to our amazing Forex Analytix platform

We’re straight into the first week of trading in 2024 and right into the big US jobs data this Friday. That means our NFP competition is back and we’re giving 3 lucky winners a free month on the Forex Analytix Platform.

The market consensus is that 163k jobs were added in December vs 199k in Feb. Do you agree? If you do, or don’t, here’s where you can put that to the test.

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.