An OK jobs figure: the US private sector gained 213K jobs in September. August’s number was marginally revised to the downside: 202K from 204K. The US dollar is slightly stronger, in line with the with the outcome. Update: the US dollar is now retreating after the initial rise. Perhaps this gain isn’t convincing enough after last month’s poor NFP. Automatic Data Processing (ADP), which manages around 20% of US private payrolls, was expected to report a gain of 207K in the month of September, after 204K in August (before revisions). Dollar domination continued towards the publication, with: EUR/USD trading under 1.26, reacting to weak German data. GBP/USD under 1.62 reacting to weak manufacturing PMI. USD/JPY under 110 after reaching above this level in the Asian session, for the first time since 2008. AUD/USD under 0.87 after forming a double bottom. USD/CAD around 1.12, just below resistance at 1.1225, and close to the 2014 high of 112.80. Here is the preview: Trading the ADP NFP with GBPUSD. This is the first hint towards the Non-Farm Payrolls on Friday. The correlation is not always clear between the two. We later have the ISM Manufacturing PMI, and tomorrow’s jobless claims will also have an impact. Yesterday’s US numbers all disappointed, with consumer confidence standing out with a big fall to 86 points. 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 ADP a Snoozer; Greenback Still in Vogue Scott Smith 7 years An OK jobs figure: the US private sector gained 213K jobs in September. August's number was marginally revised to the downside: 202K from 204K. The US dollar is slightly stronger, in line with the with the outcome. Update: the US dollar is now retreating after the initial rise. Perhaps this gain isn't convincing enough after last month's poor NFP. Automatic Data Processing (ADP), which manages around 20% of US private payrolls, was expected to report a gain of 207K in the month of September, after 204K in August (before revisions). Dollar domination continued towards the publication, with: EUR/USD trading under… Top 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.
