You can add another disappointment to the list: ADP shows a gain of 213K private sector jobs in January 2015, slightly below expectations. This is important as jobs are part of the Fed’s dual mandate. However, this isn’t a huge miss. In addition, December’s number was revised to the upside: to 253K. Basically the miss is fully balanced by the upwards revision, but naturally an uptrend is better than a downtrend. The US dollar is not hit so far. The ADP report for the private sector was expected to show a gain of 224K jobs in January 2015 after 241K in December (before revisions). This is a significant market mover even though the private sector jobs section of the official BLS jobs report on Friday is not always fully correlated to this one. Before the publication, the US dollar enjoyed some recovery from the big sell off: EUR/USD traded around 1.1450, GBP/USD was around 1.5230, USD/JPY around 117.40, AUD/USD around 0.7780 and USD/CAD around 1.2457. We later have the ISM Non-Manufacturing PMI: a read on the services sector, the largest in the US. The employment component of this report also gives a hint. So far this week, US figures have been underwhelming: factory orders plunged and triggered a USD sell off. The ISM manufacturing PMI came out worse than expected, including the employment component. More: EUR: No Change In Trend; GBP: A Buy On Dips – Credit Agricole 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 GBPUSD: Eyes Further Upside, bullish, February 4 2015 FX Tech Strategy 8 years You can add another disappointment to the list: ADP shows a gain of 213K private sector jobs in January 2015, slightly below expectations. This is important as jobs are part of the Fed's dual mandate. However, this isn't a huge miss. In addition, December's number was revised to the upside: to 253K. Basically the miss is fully balanced by the upwards revision, but naturally an uptrend is better than a downtrend. The US dollar is not hit so far. The ADP report for the private sector was expected to show a gain of 224K jobs in January 2015 after 241K… 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.
