Odaily News XT Research Institute reminds users to pay attention to macro data: Singapore time July 31, 2024 20:15 U.S. Automatic Data Processing Corporation will release: U.S. ADP employment in July (10,000 people) Release frequency: once a month (released on the first Wednesday of each month). Data meaning: The ADP non-farm payrolls report is not only a statistic of employment data, but also a barometer of economic trends. Through this report, economists and decision makers can gain insight into changes in the job market and assess the vitality and potential risks of the economy. The release of the report also often triggers fluctuations in the financial market, because employment data is one of the key factors in measuring the health of the economy. The ADP non-farm payrolls change report not only provides timely information on the employment status of the private sector in the United States, but also provides an important reference for predicting and analyzing more comprehensive official non-farm payrolls data. Its importance is not only reflected in the data itself, but also in its role as an important basis for economic expectations and market decisions. Data impact: Announced value > expected value, good for the U.S. dollar, bad for non-U.S. currencies. Good for Treasury yields. Bad for interest rate cut expectations, good for interest rate hike expectations. Bad for risk markets and virtual currency markets. For example, if the previous value of this data tonight is 150,000 and the predicted value is also 150,000, if the published value is 160,000, the virtual currency market may fall. If the published value is 140,000, the virtual currency market may rise. (Data source: Jinshi Data) Note: The above content is not intended as investment advice.