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.

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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