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Forex Signal (Thu, June 03, 8:15 am EST) US ADP Employment

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jun 2, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

    Sep 30, 2007
    Likes Received:
    Hi there :)

    This is Crazy Cat with a potentially profitable trading opportunity...

    Thursday, June 03rd (8:15 am New York Time) USA

    We have US ADP Employment Change coming out. It is expected to read 70. Last month it read 32.

    I would recommend trading USD/JPY for this report.

    Two months ago it deviated and it was a nice trade so let's see if we are going to have a nice deviation this month.

    Please read what this indicator means and how it affects the USD/JPY by going to this link: http://www.forexpeacearmy.com/forex...criptions/7374-us-adp-nonfarm-employment.html

    The trigger for this indicator is 50. However, it does not happen too often. This means that if US ADP Employment comes out at +120 or better, USD/JPY will probably go up by 35 pips or more in the first 45 minutes of the report. If it comes out at 20 or less, USD/JPY will probably go down by 35 pips or more in the first 45 minutes of the report.

    Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

    To read the after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...loyment-after-spike-retracement-strategy.html

    For example: on March 31st, 2010, US ADP Employment came out at -23, versus an expectation of 40. USD/JPY went down by about 65 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts

    I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for USD ADP Nonfarm Employment Change

    I hope you make some money on this report.
    -Crazy Cat
    #1 Crazy Cat, Jun 2, 2010
    Lasted edited by : Sep 8, 2016
  2. ebnerfred

    ebnerfred Recruit

    Mar 2, 2010
    Likes Received:
    Thank you for this report.
  3. halit

    halit Recruit

    Sep 18, 2009
    Likes Received:

    I also see good movement in EUR/USD do you suggest that as well.

  4. Graememc

    Graememc Recruit

    Apr 5, 2010
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    Another non event, damn.

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