Only 139K private sector jobs were added in the US in February, according to Automatic Data Processing, somewhat less than expected. The ADP Non-Farm Payrolls report for the private sector was expected to slide to 159K in February from 127K in January (revised down from 175K). This is a significant hint towards the official BLS Non-Farm Payrolls report due on Friday, even though the correlation between the two hasn’t been so clear in recent months. ADP has recently overstated job growth. Before the release, EUR/USD traded around 1.3730, USD/JPY at 102.43 and GBP/USD was around 1.67. The dollar is slightly lower across the board, but no big moves are seen in the major pairs. A breakout is seen in NZD/USD: the kiwi is now trading at 0.8430, a level unseen in many long weeks, and above the highs seen last week. Bad weather could be blamed for the shortcoming, but construction jobs, which are often impacted by weather, actually grew nicely. Job losses in the financial services sector has been the worst since 2011. Another significant figure that also serves as an NFP hint is due later on: the ISM Non-Manufacturing PMI. See how to trade the ISM Non-Manufacturing PMI with USD/JPY. 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 USD/JPY: Trading the ISM Services PMI Mar 2014 Kenny Fisher 8 years Only 139K private sector jobs were added in the US in February, according to Automatic Data Processing, somewhat less than expected. The ADP Non-Farm Payrolls report for the private sector was expected to slide to 159K in February from 127K in January (revised down from 175K). This is a significant hint towards the official BLS Non-Farm Payrolls report due on Friday, even though the correlation between the two hasn't been so clear in recent months. ADP has recently overstated job growth. Before the release, EUR/USD traded around 1.3730, USD/JPY at 102.43 and GBP/USD was around 1.67. The dollar is slightly… 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.
