ADP Non-Farm Payrolls showed a rise of 201K jobs. Early expectations stood on a rise of 205K – a small disappointment. The dollar loses some ground against major pairs following this release. This report for the private sector has exceeded expectations in recent months. The strongest figure was for the month of December- a gain of 247K. Last month saw a gain of 208K (revised down from 217K) which exceeded modest estimations of 178K. This report by ADP always rocks the market, and is considered by many people to be predictive of the official government Non-Farm Payrolls number released by the government on the following Friday. While ADP usually shows a long term trend, there’s almost always a big difference between the ADP report and the official figure for the private sector. On the other hand, after revisions, the numbers get closer to each other – in recent months there were upwards revisions of the official NFP and downwards revisions of the ADP report. Non-Farm Payrolls are expected to show a gain of nearly 200K jobs on Friday. Note that the government’s number consists also of public sector jobs. Earlier, Challenger Job Cuts EUR/USD trades higher, at 1.41 following the release. Euro/Dollar is still within the narrowing channel, and is yet to pick a direction for a breakout. USD/JPY, that already crossed the 83 line, is now retreating. GBP/USD is also gaining against the greenback. All the moves are relatively small. 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 ForexStreet.Net – Well Designed, Mature Forex Social Network Yohay Elam 11 years ADP Non-Farm Payrolls showed a rise of 201K jobs. Early expectations stood on a rise of 205K - a small disappointment. The dollar loses some ground against major pairs following this release. This report for the private sector has exceeded expectations in recent months. The strongest figure was for the month of December- a gain of 247K. Last month saw a gain of 208K (revised down from 217K) which exceeded modest estimations of 178K. This report by ADP always rocks the market, and is considered by many people to be predictive of the official government Non-Farm Payrolls number released by… 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.
