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ADP employment report: release time and what it moves

ADP Research. Usually the Wednesday before Non-Farm Payrolls, usually at 8:15 AM New York time. What it is, what traders watch and how the WhitePips rules treat trading around it.

  • Monthlyhow often
  • 8:15 AMNew York time
  • Red or Amberusual calendar rating

ADP on this week's calendar

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Times in your own time zone and in New York; releases already out are dimmed. Red is high impact, Amber medium; the ratings are the calendar feed's.

JobsUSD

What ADP is

ADP employment report

The ADP National Employment Report estimates the change in US private-sector jobs from the payroll data of the companies ADP pays. It comes out two days before the official Non-Farm Payrolls report.

ADP and NFP are measured differently and often disagree, so a big ADP surprise moves markets mostly by changing what traders expect from Friday's number.

When it comes out

Published by
ADP Research, the ADP National Employment Report
How often
Monthly
Usual day
Usually the Wednesday before Non-Farm Payrolls
Usual time
8:15 AM New York; 12:15 UTC while the US is on daylight time, 13:15 UTC in winter
On the calendar as
ADP Non-Farm Employment Change
Usual rating
Red or Amber

What traders watch

The headline against the forecast

The surprise, and how it shifts expectations for NFP.

Pay growth

ADP's figures for the pay of people who stayed in their job and those who changed.

By company size and sector

Where the hiring or firing is happening.

On MetaTrader 5Pip value, lots and commission

Symbols ADP moves

The WhitePips symbols that usually react most to ADP. Each page has the pip or point value, a lot-size example and the commission on every plan.

EURUSDEuro / US dollarUSDJPYUS dollar / Japanese yenXAUUSDGoldUS500US 500USDIDXUS dollar index

Futures on Volumetrica: ESE-mini S&P 500GCGold

Trading Rules, section 11In the rules' own words

Trading ADP at WhitePips

CFD plans Every plan, every stage

News trading is permitted on every CFD plan. You may open, hold and close positions before, during and after economic releases on every CFD plan, in the evaluation and once funded. There is no restricted window around a release on a CFD account, and no profit is removed because a trade was placed around news.

News straddling is not permitted. On every CFD plan, you may not open straddled, offsetting or hedged exposure on the same or correlated instruments within 15 minutes before or after a scheduled Red or Amber (high or medium impact) economic event, a company earnings release, or a major geopolitical announcement, where the purpose is to capture the volatility of the event rather than to take a view on its outcome. Placing a buy and a sell (or a buy stop and a sell stop) on the same instrument, or opposite positions on correlated instruments such as EURUSD and USDCHF, so that whichever way the price jumps one side profits, is straddling. A single position, or positions in one direction, taken on your own view of the release is not.

Trading Rules, sections 11.1 and 11.2. Each straddle is detected and referred to the risk desk, never penalised automatically.

Futures plans One Step funded, Instant

Futures plans. On the futures plans news trading is permitted during the One Step evaluation. On a funded futures account (One Step funded and Instant) no trade may be opened or closed from two minutes before to two minutes after a high-impact release; a position opened before the window may be held through it. Profit from such a trade is removed and the loss stays. The first and second violations are warnings, and the third is referred for compliance review. A news trading violation never ends an account automatically. The releases are those marked as high impact in the economic calendar shown in the dashboard or notified to you.

Trading Rules, section 11.4.

CFD plans: no straddling8:00 AM to 8:30 AM New YorkFunded futures: no trade opened or closed8:13 AM to 8:17 AMADP 8:15 AM
−20 min−15−2+2+15+20 min
A single position taken on your own view, before or after the release, is fine on every CFD plan. On a funded futures account a position opened before the two-minute window may be held through it.

Section 11 of the Trading Rules News trading, explained

QuestionsShort answers

ADP: questions

What time is ADP released?

Usually at 8:15 AM New York time: 12:15 UTC while the US is on daylight time, 13:15 UTC in winter. Usually the Wednesday before Non-Farm Payrolls.

How often is ADP released?

Monthly. Usually the Wednesday before Non-Farm Payrolls. The exact dates are set by the ADP Research; the dashboard's economic calendar shows the coming week.

Can I trade ADP on a WhitePips account?

On every CFD plan, yes: news trading is allowed in the evaluation and once funded. What is not allowed is straddling, opening both directions (or offsetting positions on correlated instruments) within 15 minutes either side of a Red or Amber release to catch the spike; the risk desk reviews it. On a funded futures account, no trade may be opened or closed from two minutes before to two minutes after a high-impact release.

Which markets move most on ADP?

On the WhitePips platforms: EURUSD, USDJPY, XAUUSD, US500, USDIDX, and on futures ES, GC.

Does ADP predict Non-Farm Payrolls?

Not reliably: the two often differ by a wide margin from month to month. Traders watch ADP because it changes expectations before Friday, not because it matches NFP.

CFDs and futuresNo time limit

Put the numbers to work

Every plan, size and price, with the rules printed before you buy. News trading is allowed on every CFD plan.

See the plansTrading calculator