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.
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Posted by: Tukiyooo
U.S. DOLLAR DROPS on disappointing ADP National Employment Report Updated at :
5:41 AM
Wednesday, February 5, 2014
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