Thread: US economic reports.

ADP publishes data based on its own payroll system, but does not cover the entire economy.Therefore, when the NFP comes out, many times the numbers do not coincide and the market fits according to official data.

If you want to improve your trading, start analyzing what reports that really generate volatility.Do not waste time with reports that barely move the market a pair of pips.

Sometimes forum calendars are simply not updated or do not consider some secondary reports.Do not depend only on a source of information, always seek to contrast the data with other platforms.

The ADP report has lost credibility over time because its estimates are usually inconsistent with the NFP.Many traders don't even bother to review it because they know that the real data is the one published by the Government.

If you are asking this, you probably trust automatic economic calendars too much.Make an effort to analyze what data the market really moves and which are simply noise.

Some reports may seem important, but if institutional traders do not react to them, they are not worth it.The market moves for expectations and real money, not because of what an economic calendar says.

The calendar of this forum is not perfect, but there are many other options to follow reports in real time.Try to use Forexfactory, Investing or directly the official statistics pages of the US Government.

Private reports such as ADP do not always reflect the reality of employment in the US. If you are going to operate based on these data, keep in mind that they can give false signs and cause erratic movements in the market.

The market has memory.If a report has been unreliable in the past, traders stop paying attention.That is why the ADP does not always appear as a relevant event, because it has often failed to predict the NFP.

If you think all economic reports are the same, you are wrong.The market responds more to government data because they are official and cover the entire economy, not just a part.