Not all is well in the US job market: ADP Non-Farm Payrolls stands at 218K in July, below expected. Automatic Data Processing was expected to show a gain of 230K private sector during the month of July. There has been a stronger correlation between the ADP number and the NFP private sector figure in recent months. The dollar was on the roll towards the publication: EUR/USD was struggling to hold above 1.34, GBP/USD was down to around 1.6923 and USD/JPY is around 102.25. Currencies are relatively stable, probably awaiting for the GDP release. Update: GDP at +4.0%, much better than expected. This is not a huge miss. Last month saw 281K before revisions. The publication serves as a more important than usual hint towards Friday’s Non-Farm Payrolls. The reason is that this time the NFP is released on August 1st, so not too many indicators precede it: less hints means more importance for those indicators that are actually released. Just 15 minutes after this release we have an even more important one: the first release of US GDP growth for Q2. See how to trade the US GDP with GBP/USD And lest we forget, at 18:00 GMT we have the FOMC decision. A 6th taper is expected to $25 billion and the focus is on the statement. You are welcome to join our live coverage from 17:45 GMT. 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 US Q2 GDP: 4% and Q1 revised higher – Dollar Yohay Elam 9 years Not all is well in the US job market: ADP Non-Farm Payrolls stands at 218K in July, below expected. Automatic Data Processing was expected to show a gain of 230K private sector during the month of July. There has been a stronger correlation between the ADP number and the NFP private sector figure in recent months. The dollar was on the roll towards the publication: EUR/USD was struggling to hold above 1.34, GBP/USD was down to around 1.6923 and USD/JPY is around 102.25. Currencies are relatively stable, probably awaiting for the GDP release. Update: GDP at +4.0%, much better than… 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.
