The second signal towards the Non-Farm Payrolls is a miss: only 154K private sector jobs were gained in September according to ADP. The figure for August was marginally revised down to 175K. This disappointment does not seem to derail the greenback’s strength, at least not initially. The US dollar loses only a few pips in the immediate aftermath. Update: after a few minutes, the greenback even gains ground against the euro and the pound. ADP was expected to report a gain of 166K private sector jobs in September, slightly lower than 177K reported in August, before revisions. While the correlation between this report and the actual gain in private sector positions is not always correlated, the publication always moves markets. The dollar remained dominant ahead of the release, extending its gains against the yen, consolidating the move against the pound and solidifying advances seen elsewhere. Later today we will get another hint towards the Non-Farm Payrolls: the ISM Non-Manufacturing PMI. The services sector report today follows a beat in the parallel manufacturing sector report. Taper talk regarding the ECB’s QE program gave a temporary boost to the euro, but this faded away, as we explained. Here is the range-bound EUR/USD: 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 Forex News Today: Daily Trading News share Read Next Solid dollar ahead of the NFP [Video] Yohay Elam 6 years The second signal towards the Non-Farm Payrolls is a miss: only 154K private sector jobs were gained in September according to ADP. The figure for August was marginally revised down to 175K. This disappointment does not seem to derail the greenback's strength, at least not initially. The US dollar loses only a few pips in the immediate aftermath. Update: after a few minutes, the greenback even gains ground against the euro and the pound. ADP was expected to report a gain of 166K private sector jobs in September, slightly lower than 177K reported in August, before revisions. While the correlation… 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.
