For a third month in a row, ADP released a better than expected report for the private sector: a gain of 162K was reported, beating expectations of 145K. Last month’s figure was revised to the downside: 189K instead of 201K originally reported, but still better than the initial expectations. ADP raised the expectations for the Non-Farm Payrolls, but the latter badly disappointed, including the private sector. So, should the ADP figure be disregarded when forecasting the NFP? Or does ADP foresee a turnaround in the American job market? Looking at the broader picture in the past, ADP did match the NFP when looking at the larger trends and turnarounds. Later revisions to old data saw a bigger correlation than the initial publications of both data. The better than expected numbers for three months might lead us to assume an upwards revision of the last NFP, and perhaps a better one this time. On the other hand, we have a negative insight about the job market from another institution: the ISM Non-Manufacturing PMI (services) came out better than expected. But, the employment component actually fell to lower ground: only 51.5 points – showing slow growth. So, will the Non-Farm Payrolls shine on Friday? Or will it remain around the mediocre 100K? Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next When currency devaluation goes too far Yohay Elam 11 years For a third month in a row, ADP released a better than expected report for the private sector: a gain of 162K was reported, beating expectations of 145K. Last month's figure was revised to the downside: 189K instead of 201K originally reported, but still better than the initial expectations. ADP raised the expectations for the Non-Farm Payrolls, but the latter badly disappointed, including the private sector. So, should the ADP figure be disregarded when forecasting the NFP? Or does ADP foresee a turnaround in the American job market? Looking at the broader picture in the past, ADP did match the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
