EUR/USD: US ADP Non-Farm Employment Change

Source: Dukascopy Bank SA

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The Greenback rose against its European counterpart following the release of the ADP report on non-farm payrolls for February. The EUR/USD pair lost 12 base points, or 0.10%, reaching the 1.2405 level, to be seen returning back to the 1.2415 area later on.

The US private sector created 235K jobs in the reported month, expanding at a slightly slower pace than in January. At the same time, US non-farm employment change number still surpassed the February's forecast. Ahu Yildirmaz, the Vice President and Co-head of the ADP Research Institute, said that the US labor market is keeping its growth rate uninterrupted and that persistant gains have been seen in industries related to leisure, hospitality and retail.

Historical Data Table: US ADP Non-Farm Employment Change m/m Economic Calendar for 08.03.2018
           
Date 01.11.2017 06.12.2017 04.01.2018 31.01.2018 07.03.2018 12:30 AM AUD Trade Balance
Actual 235K 190K 250K 244K 235K 1:30 PM CAD Building Permits m/m
Forecast 202K 190K 191K 186K 199K 1:30 PM EUR ECB Press Conference
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
AUD/USD 0.7807 0.7802 -0.06% AUD/USD 58.87% 41.13%
EUR/USD 1.24173 1.24055 -0.10% EUR/USD 40.67% 59.33%
USD/JPY 105.834 105.889 0.05% USD/JPY 66.71% 33.29%
NZD/USD 0.72781 0.72749 -0.04% NZD/USD 44.93% 55.07%

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