The Eurozone's single currency weakened against the Greenback, following the US ADP non-farm employment data release on Wednesday. The EUR/USD currency pair lost only five pips, or 0.04%, to continue fluctuating and going back up to the 1.2287 level.
The Automatic Data Processing, Inc. revealed better-than-expected data in the US non-farm employment data in March. Employment in private sector increased by 241,000, continuing the momentum in the Q1 2018, adding more jobs per month than on average in 2017, said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. He added, that the manufacturing sector increased in its strongest pace during the last three years.
Historical Data Table: US ADP Non-Farm Employment Change | Economic Calendar for 05.04.2018 | ||||||||
Date | 06.12.2017 | 04.01.2018 | 31.01.2018 | 07.03.2018 | 04.04.2018 | 1:30 AM | AUD Trade Balance | ||
Actual | 190K | 250K | 234K | 246K | 241K | 8:30 PM | UK Services PMI | ||
Forecast | 190K | 191K | 186K | 199K | 208K | 12:30 PM | CAD Trade Balance | ||
Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
Open Price | Close Price | % Change | Longs | Shorts | |||||
AUD/USD | 0.76832 | 0.76815 | -0.02% | AUD/USD | 65.15% | 34.85% | |||
EUR/USD | 1.22773 | 1.22728 | -0.04% | EUR/USD | 46.10% | 53.90% | |||
USD/JPY | 106.224 | 106.241 | 0.02% | USD/JPY | 69.19% | 30.81% | |||
NZD/USD | 0.72863 | 0.72831 | -0.04% | NZD/USD | 42.34% | 57.66% |