My guess for tomorrow’s non-farm payrolls report

I’m leaning to the upside for tomorrow’s non-farm payrolls report.

Today’s jobless claims number was upbeat and the Fed didn’t seem overly concerned about employment yesterday — the Fed might have been given a preview of the numbers.

If I had to choose a number, I’d say +180.

Take a guess in the comments of our non-farm payrolls contest. If you’re right, we’ll set you up like last month’s winner Justin (tricked-out computer equipment not included).

Justin forexlive tshirt winner trade desk

Author: Adam Button

Adam Button is the editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes deeply in the value of knowing every tidbit of news. He has a background in journalism and was formerly the head of the markets team at the Canadian Economic Press. He is a graduate of Ryerson University and completed Level 1 of the CFA program. Adam lives in Montreal, follow him on Twitter: @FX_Button.

5 Comments

  1. Hello Adam,
    What is your thoughts about JPY crosses? If tomorrow’s non-farm payrolls date is positive we could see EUR/JPY pair downtrend?

  2. +178k

  3. If payrolls is upbeat, the yen will weaken broadly and EUR/JPY will gain.

  4. I think UJ has been grounded and refueling long enough. Time to taxi to the runway and takeoff !

  5. Interesting number, yours, Adam. It would be a “beat”, but it would also actually be slightly below what’s necessary to merely keep up with population growth. Last month the yen was sold on a rotten number, so who’s to say a “beat” like that wouldn’t lead to dollar selling this time? As you know, the standard error on NFP is huge, like around 100k. So any substantial revision might be weighty, too.

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