Preview – USD ADP Non- Farm Employment change report


Tomorrow, Wednesday, 09-01-10 at 8:15 AM ET, the “USD ADP Non- Farm Employment change” will be released by Automatic Data Processing, Inc.

I did not enter a trade last news release!

I did a “follow up” of the last months report, posted on Sunday, 08-08-10, click here for a review.

Let us check out what is happening tomorrow.

USD ADP Non- Farm Employment change stats:

Previous = 42K

Forecast = 20K

It appears that the employment situation is predicted to decrease.

Here is how I am set up for tomorrow:

USD-8-15AM-ET-09-01-10
Looking for a 50K difference
Actual > Forecast = Good for USD
USD ADP Non-Farm Employment Change
——actual———-forecast———-previous
________________20K________42K
out at 70K or higher – BUY USD/JPY
out at -30K or lower – SELL USD/JPY

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

The next ADP report is scheduled for Wednesday, 10-06-10 at 8:15 AM ET.
Stay tuned!

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

So – stay tuned!

This entry was written by shark, posted on August 31, 2010 at 9:23 am, filed under Employment Economics and tagged , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

One Trackback

  1. By Follow Up – USD ADP Non- Farm Employment change report - The Fundamental FOREX Blog on September 7, 2010 at 10:31 am

    [...] did a “preview” of this months report, posted on Tuesday, 08-31-10, click here for a [...]

Post a Comment

Your email is never shared. Required fields are marked *

*
*