The Fundamental FOREX Blog

Tomorrow, Wednesday, 02-03-10 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 Wednesday, 01-12-10, click here for a review.

Let us check out what is happening tomorrow.

USD ADP Non- Farm Employment change stats:

Previous = -84K

Forecast = -34K

It appears that the employment situation is predicted to be improving.

Here is how I am set up for tomorrow:

USD-6-15AM-02-03-10
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________-34K________-84K
out at 16K or higher – SELL GBP/USD
out at -84K or lower – BUY GBP/USD

I did not trade last time, be sure to check my “follow up” post for last month.

I did post a “follow up” of this report, click here to see what happened.

The next ADP report is scheduled for Wednesday, 03-03-10 at 8:15 AM ET.
Stay tuned!

I will probably post a “preview” a day or two prior.

So – stay tuned!