Wednesday, September 1st, 2021, 14:15 ADP Non-Farm Employment Change, 16:00 ISM Manufacturing, USA

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Wednesday, September 1st, 2021,

14:15 ADP Non-Farm Employment Change

Estimated change in the number of employed people during the previous month, excluding the farming industry and government.

Traders often consider employment figures from ADP, America’s largest payrolls provider, report as the harbinger of the Bureau of Labor Statistics release on Nonfarm Payrolls (usually published two days later), because of the correlation between the two. The overlaying of both series is quite high, but on individual months, the discrepancy can be substantial. Another reason FX traders follow this report is the same as with the NFP – a persistent vigorous growth in employment figures increases inflationary pressures, and with it, the likelihood that the Fed will raise interest rates. Actual figures beating consensus tend to be USD bullish.

Previous: 330K

Forecast: 613K

Actual?

16:00 ISM Manufacturing, USA

Measures level of a diffusion index based on surveyed purchasing managers in the manufacturing industry;

The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector. It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish).

Previous: 59.5

Forecast: 58.6

Actual?

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