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What's the diff b/t ADP NFP and NFP? 14 replies
ADP predicts NFP? 35 replies
New and Improved ADP! LOL 6 replies
Adp -40k? 14 replies
ADP NFP 9 replies
Quoting abobtraderDislikedNEW YORK, Oct 4 (Reuters) - U.S. private employers added 78,000 jobs in September, well below economists' forecasts, a survey by a private employment service said on Wednesday.
That said, only 8 analysts were polled by Reuters. Most don't have a forecast for this data because the ADP is a poor indicator of the NFP...it has really only come on to the radar over the last couple of months, but is of limited use. We'll see if it has any impact on the derivatives auction price of NFP closer to the time.Ignored
Quoting FXopportunistDislikedSomeone posted a corrollation chart of ADP vs. Non Farm, but I can't remember where. As I recall, there was a strong corrollation in direction but not in magnitude.Ignored
Quoting BurgerKingDislikedHow do you interpret this ADP number anyways?
I personally dont compare the numbers but the direction (as shown on my above post). Likewise, I try to compare the deviation of each ADP to the deviation on NFP.Ignored
Quoting squat1962DislikedThe question is, How can I gain profit with the knowledge that I am usually wrong? And, how can I backtest it?Ignored