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ADP reported a slightly disappointing report: a gain of 166K jobs in September. It was expected to report a gain of 177K private sector jobs, after initially reporting a gain of 176K jobs in August, before revisions. the revision took this number down to only 159K. A downwards revision wasn’t a big surprise after the weak NFP for August. The ADP report is now of higher importance as the official Non-Farm Payrolls will not be published if the government shutdown continues.

EUR/USD trades at around 1.3520 before the publication and it went up to 1.3532. GBP/USD was struggling with 1.62 and is now at 1.6220  and USD/JPY remained on low ground around 97.50 and is now at around 97.30.  AUD/USD is moving up to 0.9350 and USD/CAD is at 1.0340.

The correlation between the report published by ADP and the private sector section published by government via the Non-Farm Payrolls improved in up to recent months, but the recent report or two weren’t that close.

If the government shutdown continues, the US will not publish the NFP on Friday, but is still scheduled to release weekly jobless claims on Thursday.

For the euro, all eyes are on the rate decision at the moment. See a live blog of the event.