U.S. – ADP Nonfarm Employment Change – Actual 534K vs Forecast 525K

USA – ADP Nonfarm Employment Change
Previous: 571K
Forecast: 525K
Current: 534K

The ADP National Employment Report is a measure of the monthly change in non-agricultural private employment based on the wage data of approximately 400,000 business customers in the United States. The publication, two days before government data, is a good predictor of NFP. The variability in this indicator can be very volatile.

Higher than expected readings should be considered positive / bullish for the US dollar, while lower than expected readings should be considered negative / low for the US dollar.

In this case, a jump in these numbers indicates a strengthening of the economy, which will help the Fed to reconsider and reduce the purchase of assets, which in turn will lead to a jump in the dollar and a possible decline in stocks and indices, as it will no longer has the same financial support from the Federal Reserve.

* In economic news, investment banks, market makers and prime brokers may quote wider spreads, sudden movements, gaps and possible execution at a price different from the stated / the first possible market price /. In the first few seconds, execution may be delayed due to the accumulation of orders well in excess of the banks’ ability to process.