ADP or Automatic Data Processing (NASDAQ:ADP) is releasing it’s own estimate for the private sectors of NFP (Nonfarm Payroll). This is high impact release and it’s followed by currency traders as they look for hints on Friday’s NFP official release. Here’s the forecast:
8:15am NY Time US ADP NFP Change Forecast 20K Previous 42K
ACTION: USD/JPY BUY 70K SELL -30K
ADP or Automatic Data Processing (NASDAQ:ADP) is releasing it’s own estimate for the private sectors of NFP (Nonfarm Payroll). This is high impact release and it’s followed by currency traders as they look for hints on Friday’s NFP official release. Here’s the forecast:
8:15am NY Time US ADP NFP Change Forecast 38K Previous 13K
ACTION: USD/JPY BUY 90K SELL -10K
8:15am (NY Time) US ADP NFP Changes Forecast -188K Previous -254K
ACTION: USD/JPY or USD/CHF BUY -120K SELL -258K
ADP is the largest private payroll processing providers in the U.S., and it releases its version of Non-Farm Payroll numbers, usually about 2 days before the actual NFP, based on it’s proprietary data. About 80% of the time ADP’s release will go in tandem with the official NFP, but the for the 20% of the exceptions, we’d get figures that were totally off. This is an excellent indicator for the general direction of the market and sometimes serves as a preview of the NFP on Friday; if the numbers comes out as a surprise of at least 70K more or less from the Forecast of -188K, we should look to trade in the direction of the surprise.
[flv:http://www.newsprofiteer.com/093009-usadpnfp/093009-usadpnfp.mp4 480 360]
8:15am (NY Time) US ADP NFP Changes Forecast -200K Previous -298K
ACTION: USD/JPY or USD/CHF BUY -130K SELL -270K
8:15am (NY Time) US ADP NFP Changes Forecast -250K Previous -371K
ACTION: USD/JPY BUY -180K SELL -320K
ADP is one of the largest payroll processing providers in the world, and every month it releases its version of Non-Farm Payroll numbers 2 days (sometimes a day) prior to the official Non-Farm Payroll release. This release is about 80% accurate to NFP. But the 20% of the time when it was inaccurate, its figures were totally off. This is a good news item to watch out for directional trade, if the numbers comes out at least 70K more or less of the Forecast -250K, then we will look to take a trade with the best looking currency pair.
8:15am (NY Time) US ADP NFP Changes Forecast -351K Previous -473K
ACTION: USD/JPY BUY -280K SELL -420K
ADP is one of the largest payroll processing providers in the world, and every month it releases its version of Non-Farm Payroll numbers 2 days prior to the official Non-Farm Payroll release. This release is about 80% accurate to NFP. But the 20% of the time when it was inaccurate, its figures were totally off. This is a good news item to watch out for directional trade, if the numbers comes out at least 70K more or less of the Forecast -351K, then we will look to take a trade with the best looking currency pair.
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