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Serving Traders Since 2005
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2nd July 2009, 10:19
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Tip for today
The US non-farm payroll report is due out today and it is widely expected that the US will shed 363,000 jobs in June, however it is likely that this number will be higher based on the ADP (Automated Data Processing) estimates that the US economy cut 473,000 jobs.
The ADP report is an informal report released by the largest payroll processing service and usually has a good insight into the employment status. Keep in mind when trading that the US markets are closed on Friday in advance of the US Independence Day celebrations. One other thing to consider is the global political situation in advance of the July 4th US holiday, with North Korea threatening, Al Qaeda hinting and Honduras about to explode. 
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