1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex Signal (Wed, March 31, 8:15 am EST) US ADP Employment

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 30, 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...

    Wednesday, March 31st (8:15 am New York Time) USA

    We have US ADP Employment Change coming out. It is expected to read -40. Last month it read -20.

    If anything, I would recommend trading USD/JPY for this report.

    This report has not deviated for many months so most likely it will be a no trade. It's hard to recommend any triggers when we did not see any deviation for so long time...

    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 80. Again, 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 40 pips or more in the first 45 minutes of the report. If it comes out at -40 or more negative, USD/JPY will probably go down by 40 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 May 6th, 2009, US ADP Employment came out at -491, versus an expectation of -645. USD/JPY went up by over 60 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, Mar 30, 2010
    Lasted edited by : Sep 8, 2016
  2. Tyrion

    Tyrion Private

    Mar 16, 2010
    Likes Received:
    looks like news lately aren't profitable to trade. i read that the best market information come out at the begining of the quarters. is that correct? if so next week should be good...


Share This Page