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ADP Non-Farm Payrolls printed a gain of 325K jobs in the private sector, higher than 176K that was expected.

This triggers a rise in USD/JPY. EUR/USD cannot cheer up by this risk-appetite figure and remains depressed. Update: EUR/USD ticks down.

Update: Jobless claims are at 372K, a bit lower than 375K that was expected, continuing the positive trend.

ADP reported a gain of 204K jobs last month, a very minimal revision from 206K initially reported.

It’s important to note that there isn’t always a direct correlation between the private sector report by ADP and the actual private sector component in the Non-Farm Payrolls, but ADP Non-Farm Employment Change does point to the general trend.

In any case this is good news for the US, at least for the month of December. Part of the positive news in December is due to tax incentives – incentives that expired.

This follows the positive ISM Manufacturing PMI that pointed to an acceleration in job growth.

The weekly US jobless claims will be released soon. Expectations are for a small slide from 381K to 375K. Stay tuned for updates.

The last figure for today is very important: ISM Non-Manufacturing PMI. The services sector is by far the largest in the US. The direction of the employment component in this figure is of high importance.

The euro is suffering from new worries about German banks and the French credit rating.

For more on the EUR/USD, including technical lines and events, see the euro dollar forecast.