Tomorrow Wednesday, 09-30-09 at 8:15 AM ET, the “USD ADP Non- Farm Employment change” will be released by Automatic Data Processing, Inc.
The economist around the country believe that there will be an improvement in the number of employed people by 104K, a good improvement over last month.
I did a “follow up” of the last months report posted on Saturday 09-05-09, click here for a review.
I also did a “preview” post on Tuesday, 09-01-09, click here for a review.
Last months report was an improvement over the previous month of August, but the “actual” of -298K was 48K higher than the “forecast” of -250K which was enough to have a big impact on the currency market – and it did have a good impact on the two “crosses” one of which I traded and had a win on – GBP/JPY. Check out the “follow up” post link above.
Let us check out what is happening tomorrow.
USD ADP Non- Farm Employment change stats:
Previous = -298K
Forecast = -194K
The economists believe that employment may improve. I traded the currency pair GBP/JPY last time and will be set up tomorrow with the same currency pair.
The next ADP report is scheduled for Wednesday November 04, 2009 at 8:15 AM ET.
Stay tuned!
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