Yes folks, your next data cab off the rank at 13.15 GMT
The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients.
The release is generally a good predictor of the government's non-farm payroll report out on Friday. The change in this indicator can be very volatile.
Expectations 185-190k vs 235k prev
Q3 US Non-Farm productivity out at 12.30
We can, as always, expect the initial algo-led reaction however the report plays out so be ready with your entry/exit levels from whichever side you want to play.
Placing limit orders in advance can often be useful given the occasional speed of moves and subsequent reversals, although equally it can be prudent to wait and manually trigger executions once you've sized up the data in its entirety and gauged the price action.
