A solid jobs report from ADP: a gain of 230K jobs in October, better than expected. This was joined by an upwards revision of September to 225K. The dollar is somewhat stronger in the initial reaction, but retreats afterwards. This is a choppy reaction, perhaps in anticipation to another major US release. Or, perhaps the dollar finds it hard to continue pushing higher and needed a much bigger positive surprise. Update: ISM Non-Manufacturing PMI disappoints, but employment component highest since 2005 ADP was expected to report a gain of 214K jobs in October, similar to 213K initially reported in September (before revisions, now revised up to 225). This serves as a hint towards Friday’s Non-Farm Payrolls. The dollar was very strong towards the publication, with new highs against JPY, AUD and CAD. The dollar rose on the background of the Republican sweep in the midterm elections, but also on falling oil prices and the prospects of Fed tightening. Later on we have another significant release: the ISM Non-Manufacturing PMI. The services sector is the largest in the US, and the purchasing managers’ index is expected to remain strong around last month’s 58.6 points. More: EUR/USD: Holding 78.6% Fibo But Stay Bearish & Short – Credit Suisse Are US wage hikes around the corner? March hike on the cards 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 Resounding Republican Victory Boosts Equities Scott Smith 7 years A solid jobs report from ADP: a gain of 230K jobs in October, better than expected. This was joined by an upwards revision of September to 225K. The dollar is somewhat stronger in the initial reaction, but retreats afterwards. This is a choppy reaction, perhaps in anticipation to another major US release. Or, perhaps the dollar finds it hard to continue pushing higher and needed a much bigger positive surprise. Update: ISM Non-Manufacturing PMI disappoints, but employment component highest since 2005 ADP was expected to report a gain of 214K jobs in October, similar to 213K initially reported in September… 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.
