US ADP Non-Farm Employment Change 08/05/09


Zero spam.

8:15am (NY Time) US ADP NFP Changes Forecast -351K Previous -473K


3rd Party Advertisement

Leads the government-released employment data by 2 days, and has slowly demonstrated its predictive qualities since its May 2006 debut. Source changed the calculation methodology in Feb 2007 and Dec 2008 to better align with the government’s data;

UPDATE: ADP came out worse than expected but not enough for us to get into a trade. I saw immediate market risk aversion moves and decided not to get into the market based on this release. (I am already in a trade at the time).

About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.

Speak Your Mind



Zero spam.