ADP Non-Farm Payrolls Rise 215K – Far Better than
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ADP Non-Farm Payrolls Rise 215K – Far Better than

The number of non-farm jobs in the private sector rose by 215K in the month of December 2012, according to ADP. Expectations stood on a gain of 140, following a gain of 148K in November (revised up from 118K).

This is an important indicator towards the official Non-Farm Payrolls on Friday. ADP has changed its formula a few months ago. USD/JPY is now on the rise, erasing some of the previous losses.

Update:  See how to trade the Non-Farm Payrolls with EUR/USD.

Update: jobless claims came out at 372K ,a small disappointment.

Earlier in the week, the ISM Manufacturing PMI rose back to positive territory: 50.7 points. Of importance towards the NFP is the employment component, which jumped from 48.4 to 52.7 points.

All in all, these are very positive figures for the US economy. The market’s focus is still on the fiscal cliff deal: digesting the positive side and the negative side of the deal.

EUR/USD remains on the defensive, trading at 1.3090. It was unable to hold onto 1.31, as the bears are in control.

More ADP data is below:

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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.