BEARISH NEWS for U.S. DOLLAR
Already reports preceding Friday's Non-Farm Payroll Report are coming in with disappointments against the floundering U.S. economy. This could really rattle the markets...
ADP Nonfarm Employment Change
Actual:175K
Forecast:180K
Previous:227K
The
ADP National Employment Report is a measure of the monthly change in
non-farm, private employment, based on the payroll data of approximately
400,000 U.S. business clients. The release, two days ahead of
government data, is a good predictor of the government's non-farm
payroll report. The change in this indicator can be very volatile.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
