It Is Almost Like A Sneak Peak At The US Government's Non-Farm Payroll Report

Did you know that there is a new report released two days before the United States’ Government releases its data that predicts the government’s report?

It is the ADP National Employment Report, and it is a monthly report based on payroll data from approximately 400,000 U.S. business clients. It shows the monthly change in private non-farm employment.

Because this report is such a good indicator of what may come from the government, any change can cause volatility in the market. For more information, you can visit ADP’s website. ADP Website Link

This report is being released on Wednesday, January 7, 2015, at 8:15 a.m. The forecast for this news release is 226K. The previous reading was 208 K. If the reading is higher than expected, it should be taken as bullish or positive for the USD. If it is lower than expected then it should be regarded as bearish or negative for the USD.

The ideal trade would be an iron condor on the EUR/USD using Nadex spreads. You can enter as early as 7:00 a.m. with an expiration of 9:00 a.m. You want a minimum profit of $30.

The iron condor is where you buy a lower spread and sell an upper spread both having the same expiration time. It is also best if the floor of the upper spread is equal to the ceiling of the lower spread.

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