US May 2018 Nonfarm ADP employment change on 30.05.2018
- prior 204K, revised to 163K
- Components:
– Small businesses: +38K v +62K m/m
– Medium businesses: +84K v +88K m/m
– Large businesses: +56K v +54K m/m
– Goods-producing sector: +64K v +44K m/m
– Service-providing sector: +114K v +160K m/m (100th straight month of increases)
– Construction +39K v +27K m/m
– Manufacturing +14K v +10K m/m
Small businesses taking the brunt and services. USD unaffected for now but I am tiptoeing a short USDJPY here again ahead of expected month end USD negative flows. I will add on a 109.30/45 rally if seen.
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hi did this affect gbp/usd by any chance as I have a buy position at 1.32838? and so far so good
There’s nothing shocking from the ADP numbers so I shouldn’t think the dollar will be taking much notice. The USD GBP data is a bit soft so that should help your long.
The 100 hour SMA seems to be holding on the EURUSD. I was expecting to be short by now after ADP. Will hold for a bit. Looking at DXY for reference, hoping for it to turn soon. Still bias to short for me.
It’s proving stubborn up around the 40’s. I’ve chopped in a bit more of my overnight long.
Ryan… Could u guys providing some insights into this conundrum– Netdania’s usdcad chart minutes into BOC rate decision:The low was1.28698 ://www.netdania.com/Products/FullQuote/FullQuote.aspx?symbol=USDCAD&provider=netdania_fxa&decimals=5&ext=false
BUT most retail broker(Market maker)’s price varys.. But consistently settles@1.290X level:) Wow.. Surprise surprise:)
Hi Jimbo.
Yes, that is one of the problems with Netdania in that they can have some errant price prints. My 15m chart showed a low near 1.2875 just after. YOu can change the feed from different sources so that might help.