ADP Non-Farm Employment Change ADP stand for Automatic Data Processing Inc
This News Realse today 02.09.2020 and you found the high impact of this news. Estimated change in the number of employed people during the previous month and the result not included in farming industry and government.
If the actual result is greater then forecast then is good USD and USD strong from every currency and USD create and bullish candle.
History of this
This data provides an early look at employment growth, usually 2 days ahead of the government-released employment data that it’s designed to mimic. Source changed series calculation formula in Feb 2007, Dec 2008, and Nov 2012, to better align with government data
Past History Result of This News
|Aug 5, 2020||167K||1200K||4314K|
|Jul 1, 2020||2369K||2850K||3065K|
|Jun 3, 2020||-2760K||-9000K||-19557K|
|May 6, 2020||-20236K||-20500K||-149K|
|Apr 1, 2020||-27K||-150K||179K|
Forex Fundamental News Result as per my forecast
Result as per my forecast its should be NEGATIVE.
Its measure some change in number of employed people in the US. This is good indicator and stimulating economic growth. So a high RESULT is usually seen as positive, then bullish trend for USD
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