ADP released a whopping surprise – 297,000 jobs gained in the private sector according to their numbers! This huge surprise is far better than other improvements. The result – the greenback surges across the board with EUR/USD losing support. This tripled the expectations for around 100K jobs gained, and is more than triple the figure seen last month. Although this number isn’t always indicative of the government Non-Farm Payrolls released on Friday, but this is definitely a positive sign, that aDollar dds other jobs and non-jobs related numbers. EUR/USD is now trading at 1.3160, below the 1.3180 support line. The pair already slipped below the minor line of 1.3267 line beforehand on worries about defaults in Europe. The next line of support is 1.3080 – which is a critical line. For more technical levels and events, see the EUR/USD forecast. US factory order surprised yesterday with a rise of 0.7%, contrary to expectations for a drop. ISM Manufacturing PMI rose to 57 points, within expectations, but still a very strong figure. Regarding jobs, last week’s jobless claims fell under 400K (388K), the lowest level since July 2008. All these figures show that the recovery is picking up in the US – it is already felt in jobs. In my 11 predictions for 2011, I foresaw improvement in the US which will the dollar. In the first days of 2011, this is indeed seen, but the year is very long. Tomorrow we have a fresh release of weekly jobless claims, which will be the last hint before the big event, the king of forex trading – Non-Farm Payrolls. See the Non-Farm Payrolls preview. 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 ISM Services PMI Surprises – Dollar Extends Gains Yohay Elam 11 years ADP released a whopping surprise - 297,000 jobs gained in the private sector according to their numbers! This huge surprise is far better than other improvements. The result - the greenback surges across the board with EUR/USD losing support. This tripled the expectations for around 100K jobs gained, and is more than triple the figure seen last month. Although this number isn't always indicative of the government Non-Farm Payrolls released on Friday, but this is definitely a positive sign, that aDollar dds other jobs and non-jobs related numbers. EUR/USD is now trading at 1.3160, below the 1.3180 support line. The… 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.
