Wednesday is going to be an interesting day. It starts at 8:15 AM ET when payroll processor ADP posts their private-sector Employment report. As with any employment-related data, it will draw some attention. This is especially true for this one because it is posted just a couple days before the monthly governmental version is released. Many people feel this report is given more attention than it really deserves, particularly because some use it to predict the monthly government figures but often without success. Still, if it shows a noticeable variance from expectations, it will likely cause movement in the markets and mortgage rates. Forecasts are calling for it to show 150,000 new payrolls. Good news for rates would be a much smaller number.