ADP reported a gain of 133K in the US private sector. Estimates were for a gain of 145K. This is a small disappointment, especially as the figures settle on lower ground – under levels of around 200K seen earlier in the year. EUR/USD traded just above 1.24 before the publication and edged up to 1.2410 afterwards. USD/JPY held on to 78.70 and dipped below this level after the publication. Currencies are awaiting more important US releases due very soon. Updates: Gains in EUR/USD were reversed before the GDP and jobless claims were released.. The initial report for last month stood on a gain of 119K and was now revised to 113K. It was quite a disappointment last time as well and was followed by a disappointment in the official Non-Farm Payrolls. This report is not always a good indicator for the private sector segment in the official Non-Farm Payrolls report. Nevertheless, it is a significant market mover does indicate changes in trends in the job market. See how to trade the Non-Farm Payrolls with EUR/USD. The calendar is busy with the release of the weekly jobless claims and the second release of GDP for Q1 2012, which is expected to be revised to the downside. 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 Jobless Claims Disappoint, GDP Revised to 1.9%, As Yohay Elam 11 years ADP reported a gain of 133K in the US private sector. Estimates were for a gain of 145K. This is a small disappointment, especially as the figures settle on lower ground - under levels of around 200K seen earlier in the year. EUR/USD traded just above 1.24 before the publication and edged up to 1.2410 afterwards. USD/JPY held on to 78.70 and dipped below this level after the publication. Currencies are awaiting more important US releases due very soon. Updates: Gains in EUR/USD were reversed before the GDP and jobless claims were released.. The initial report for last month stood… 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.
