Fundamental Event of the Week: Non-Farm Payroll (NFP) Predictions

Consensus: 120,000
CME Derivative Auction: 120,030
ADP: 78,000

What the market needs is a “Goldilocks” Non-Farm Payroll report. Too high could signal that future rate decreases that the market is counting on will be less likely to occur. If the number comes out too low traders will see it as slow down beyond what was already priced in.

Here are previous posts on the topic:

August: NFP Forecasts
July: NFP Forecast Divergence

Although TradeSports lists the contract, there hasn’t been any volume on it since US traders were banned from trading on US Economic numbers.