Tomorrow Wednesday, 11-04-09 at 8:15 AM ET, the “USD ADP Non- Farm Employment change” will be released by Automatic Data Processing, Inc.
I did a “follow up” of the last months report posted on Sunday 10-04-09, click here for a review.
Let us check out what is happening tomorrow.
USD ADP Non- Farm Employment change stats:
Previous = -254K
Forecast = -188K
The economists believe that employment may improve. I traded the currency pair GBP/JPY last time, but the GBP/USD was the better currency pair – so I will set up to trade the GBP/USD using the same 50K difference between the “actual” and the “forecast”.
Last time I caught the initial move against the GBP in the first 4 minutes after the report release, then caught the retrace a little later – both trades were winners – check my “follow up” at the link above.
The next ADP report is scheduled for Wednesday, 12-02-09 at 8:15 AM ET.
I will probably post a “preview” a day or two prior.
I did post a “follow up” after this Wednesdays report release, click here to see what happened.
So – stay tuned!
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