Tomorrow, the NFP report (non-farm payrolls report...aka employment report) comes out. Typically, not much happens in the stock and currency markets the day before that report because it's one of the most watched economic reports each month and large institutions don't like to commit new capital to the market until those numbers are known. The ADP report was bad (and it's actual payrolls) whereas NFP has "seasonal adjustments", which means the government can manipulate those numbers a bit. Nonetheless, it's the most watched report of the two.

Comments