Analysts at Nomura explained that the ADP reported a 227k gain in private employment during October, above expectations (Nomura: 170k, Consensus: 187k), driven by strong hiring activity in both the goods-producing (+38k) and service-providing (+189k) sectors. Key Quotes: “Today’s report suggests some upside risk to our forecast of a 170k gain in private nonfarm payroll employment for Friday’s BLS report.” “However, ADP usually does not reflect weather disruptions.” “Given the impact of Hurricanes Florence and Michael in September and October, there is more uncertainty than usual around Friday’s NFP number and today’s ADP report may not accurately reflect the negative impact from Hurricane Michael.” “In addition, the slight downward revision to ADP’s September reading (218k, previously 230k) could suggest that the BLS may revise up their September figure of 121k.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P500 Technical Analysis: US Stocks remain fragile near 2,700.00 figure FX Street 4 years Analysts at Nomura explained that the ADP reported a 227k gain in private employment during October, above expectations (Nomura: 170k, Consensus: 187k), driven by strong hiring activity in both the goods-producing (+38k) and service-providing (+189k) sectors. Key Quotes: "Today's report suggests some upside risk to our forecast of a 170k gain in private nonfarm payroll employment for Friday's BLS report." "However, ADP usually does not reflect weather disruptions." "Given the impact of Hurricanes Florence and Michael in September and October, there is more uncertainty than usual around Friday's NFP number and today's ADP report may not accurately reflect 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.
