Burning outlook: US employment report from ADP at 12:15 PM London Time

Burning outlook: US employment report from ADP at 12:15 PM London Time

Forecast of new jobs for August is +185, 000.

The forecast range is + 145, 000 to +245, 000.

Why is it important? Obviously, employment and its dynamics are the most important indicator of the state of the economy, along with the GDP dynamics and inflation.

We are in the phase of growth in the US economy and the world economy. Growth has been occurring for 8 years, since 2009, since the end of the global crisis.

If we see a slowdown in employment growth, it is a signal that growth is slowing down - a signal that is against the US, oil, and dollar markets.

If we see a rise above the forecasts - it is a strong signal in favor of the US market and the dollar.

In 15 minutes after the report on employment, the revised US GDP for the second quarter will be released - the expected growth of the indicator will help the dollar.

The material has been provided by InstaForex Company - www.instaforex.com