Forex Crunch » ADP Non-Farm Payrolls

EUR/USD Feb. 1 – Starts Month Under Pressure

Yohay — Wed, 01 Feb 2012 11:09:04 +0000

Euro dollar starts the new month on lower ground, after breaking below uptrend support. Greek PSI talks are still awaiting an agreement “soon”. How soon is it now? There are doubts if Germany really wants a deal. Important figures are released in the US, which serve as important hints towards the all-important Non-Farm Payrolls on Friday.

Here’s an update on technicals, fundamentals and what’s going on in the markets.

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ADP Non-Farm Payrolls Gain 110K

Yohay — Wed, 02 Nov 2011 12:16:01 +0000

The ADP report for the private sector has show a gain of 110K jobs in October, similar to gains seen in previous months. Early expectations stood on a gain of 102K.

EUR/USD reacts with a small rise and approaches minor resistance at 1.38. This is a classic “risk on” behavior” on a positive indicator. The moves are limited due to the European debt crisis, the small surprise and the anticipation towards the Federal Reserve meeting.

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EUR/USD Oct. 5 – Rally Finds Limits

Yohay — Wed, 05 Oct 2011 09:56:34 +0000

Euro dollar is trading in a narrow range after a strong rally yesterday. The optimism about bank recapitalization and the new found Greek cash fades as economic data provides a reality check. We have important figures in the US today, data that will provide significant hints towards the Non-Farm Payrolls.

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

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ADP Shows Gain of 91K Private Sector Jobs in August

Yohay — Wed, 31 Aug 2011 12:20:48 +0000

The ADP Non-Farm Payrolls indicator has shown a gain of 91K jobs in August, only marginally lower than a rise of about 100K that was expected, but a good result all in all. Currencies don’t see big changes following this release. EUR/USD is somewhat weaker, but still in range.

Last month’s gain of was revised from 114K to 109K, also a very marginal change. A similar rise in the officials Non-Farm Payrolls is expected on Friday.

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EUR/USD Aug 31- Worries Balanced As Summer Ends

Yohay — Wed, 31 Aug 2011 11:22:13 +0000

Euro dollar is stuck in range, drifting between hopes for QE3 in the US and worries about the European debt crisis. As summer ends, volume and volatility are expected to pick up. We have important US data later on.

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

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USD/JPY: Trading the US ADP Non-Farm Employment Change

kenny — Tue, 30 Aug 2011 23:39:12 +0000

The ADP Private Sector Job Indicator is a significant index which estimates the change in employment figures. It is an important indicator of job creation, which in turn impacts on consumer spending and economic growth.

Here are all the details, and 5 possible outcomes for USD/JPY.

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EUR/USD Aug 3 – Breaking Higher on Rising Retail Sales, Swiss Weakness

Yohay — Wed, 03 Aug 2011 09:23:09 +0000

Euro dollar managed to break resistance, after two failed attempts. European retail sales rose by 0.9%, better than 0.5% that was expected. The Swiss move to curb the strength of the franc, also against the euro also pushes EUR/USD higher. Also a “ceasefire” from the bond vigilantes helps. It bounced off a higher resistance line. Is this temporary before the next move downwards?

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

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EUR/USD July 7 – Bouncing Off Low Support Ahead of Trichet

Yohay — Thu, 07 Jul 2011 08:23:24 +0000

Euro dollar is holding on to low support ahead of the all-important press conference by Jean-Claude Trichet. Portugal continues to draw attention, now with a downgrade of its banks. Apart from the expected rate hike and the presser, it is a very busy day in the US. 1.40 or 1.45?

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

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Weak ADP Non-Farm Payrolls Send EUR/USD Higher

Yohay — Wed, 04 May 2011 12:16:53 +0000

According to ADP, the number of jobs gained in the US private sector rose by only 179K. Early expectations stood on a gain of 200K. EUR/USD is moving higher, and is testing levels above the resistance line.

The past few month saw job gains of around 200K each time, and this significantly lower. EUR/USD now trades at 1.4890, a little bit above the 1.4882 resistance line. Is this a real break, or another false one? We’ll soon know. The move is currently quite limited. A run above the round number of 1.49 is necessary to open the road to 1.5020.

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EUR/USD May 4 – Rising on Portuguese Hopes

Yohay — Wed, 04 May 2011 07:57:36 +0000

EUR/USD is moving quickly higher and approaching a tough resistance line as the market is cheered by the bailout deal with Portugal and reflects less fear about Greece. We have quite a few market movers coming up later. Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

EUR/USD Technicals

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