ADP Non-Farm Payrolls shows a gain of only 156K jobs in April. In addition, the data for March was slightly revised to the downside: 194K instead of 200K initially reported. Jobs were the shining light in the US economy and this light shines a bit less now. The greenback goes down across the board. Currency reaction to ADP NFP EUR/USD advances to 1.1520, managing to re-settle above the round 1.15 level. GBP/USD bounces to 1.4530 despite weak construction PMI USD/JPY is getting further away from 107, and to the downside. USD/CAD is falling down, dipping below support at 1.2750. AUD/USD is making an attempt to regain 0.75. NZD/USD is around 0.69 ADP NFP Background The private sector jobs report by Automated Data Processing (ADP) was expected to show a gain of around 196K in April, similar to 200K in March. The ADP NFP serves as a hint to the official publication coming out on Friday. The US dollar continued its recovery path towards the publication. The greenback had a Turnaround Tuesday. There is another important NFP hint today: the ISM Non-Manufacturing PMI: the services sector report provides an interesting picture of the US economy. The employment component serves a more specific indicator towards the jobs report on Friday. We will also get the trade balance, unit labor costs and productivity data from the US. More: EUR/USD: Next Sustained Move To The Downside: Where To Target? – BTMU EUR consolidating its position outside the safe haven camp 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 Clinton Continuation vs. Donald Disruption – what the race Yohay Elam 6 years ADP Non-Farm Payrolls shows a gain of only 156K jobs in April. In addition, the data for March was slightly revised to the downside: 194K instead of 200K initially reported. Jobs were the shining light in the US economy and this light shines a bit less now. The greenback goes down across the board. Currency reaction to ADP NFP EUR/USD advances to 1.1520, managing to re-settle above the round 1.15 level. GBP/USD bounces to 1.4530 despite weak construction PMI USD/JPY is getting further away from 107, and to the downside. USD/CAD is falling down, dipping below support at 1.2750. AUD/USD… 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.
