Today at 12:15 GMT we expect the ADP Employment Change from the US. The estimated value is 200K with previous 135K.
Typically, the data is highly volatile, with investors taking it as a hint for the Nonfarm Payrolls data. However, given the expected FED meeting later today, and waiting for a new FED chair to be chosen tomorrow, we can expect moderate market movements during the date release.
Expectations of the big players range between 135K and 340K. The average estimate of 39 analysts interviewed бъ Bloomberg is 206K.
Analysts with the highest forecast rate expect 180K, 135K, 192K respectively.
Increased estimates are mainly due to expectations of an increase in the number of workers being hired is due to the damages caused by the natural disasters that hit the United States (Hurricanes Harvi and Irma).
Source: Bloomberg Pro Terminal
Trader Nikolay Georgiev
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