Forex Signal (Wed, May 05, 8:15 am EST) US ADP Employment

Crazy Cat

Former FPA Special Consultant
Messages
753
Hi there :)

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

Wednesday, May 05th (8:15 am New York Time) USA

We have US ADP Employment Change coming out. It is expected to read 30. Last month it read -23.

I would recommend trading USD/JPY for this report.

Wow, guess what? - last month 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-forum/economic-indicator-descriptions/7374-us-adp-nonfarm-employment.html

The trigger for this indicator is 50. Again, it does not happen too often. This means that if US ADP Employment comes out at +80 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 more negative, 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-forum/felix-after-spike-retracement-strategies/7379-us-adp-nonfarm-employment-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
 
Last edited by a moderator:
Top