ADP
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ADP large miss; But does it matter for NFP?
Looking at the series over the passed few months, there is volatility between ADP and NFP data
Whose employment data do you trust more? ADP or ISM
Depending on your answer, it may give you a better expectation for NFP on Friday
Gold probing 6-week highs after big ADP employment miss
While the ADP report can be a volatile leading indicator for NFP on a month-by-month basis, it’s undeniably concerning that it has shown declining employment growth and negative revisions for three consecutive months now.
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US Dollar: Possible Profit Taking Actions before Non-farm Payrolls
On Tuesday, the ICE U.S. Dollar Index has stabilized after briefing dropping to its weakest level in more than two years, ending up 0.1% on day to 92.31. U.S. ADP private jobs report for August will be today's focus, with an increase of 1 million expected and compared with +167,000 in July.
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