A big beat in the ADP Non-Farm Payrolls: no less than 253K private sector jobs were added in May according to the company. This could raise expectations for the official BLS NFP on Friday. But what does it mean for wages? We will probably have to wait. But at least for now, the USD is enjoying nice gains across the board. EUR/USD is down to 1.12, retreating from an attempt to tackle the cycle highs of 1.1266 USD/JPY is trading at 111.40, maintaining a safe distance from the 110 handle. GBP/USD remains on the back foot at 1.2845. USD/CAD is up above 1.35. AUD/USD extends its drop to 0.7380. The weekly jobless claims are coming up soon. The last big hint towards the NFP comes from the ISM Manufacturing PMI, released at 14:00 GMT. ADP NFP Background Automated Data Processing was expected to show a gain of 185K private sector jobs in May after 177K in April. This is in line with job gains in previous months. The publication serves as a hint towards the official Non-Farm Payrolls report tomorrow. The US dollar was recovering ahead of the release, with gains against majors as well as commodity currencies. See NFP Preview: it’s all about the money – 3 scenarios Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next ISM Manufacturing PMI at 54.9 within expectations Yohay Elam 6 years A big beat in the ADP Non-Farm Payrolls: no less than 253K private sector jobs were added in May according to the company. This could raise expectations for the official BLS NFP on Friday. But what does it mean for wages? We will probably have to wait. But at least for now, the USD is enjoying nice gains across the board. EUR/USD is down to 1.12, retreating from an attempt to tackle the cycle highs of 1.1266 USD/JPY is trading at 111.40, maintaining a safe distance from the 110 handle. GBP/USD remains on the back foot at 1.2845. USD/CAD is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
