The European Common Currency appreciated against the US Dollar, following the US ADP Non-Farm Employment Change data release on Wednesday at 12:45 GMT. The EUR/USD exchange currency rate lost 50 pips or 0.44% right after the release. The Euro continued trading at the 1.1260 level against the Greenback.
Automatic Data Processing, Inc. released the ADP Non-Farm Employment Change data, which came out worse-than-expected of 27K compared with forecast 185K. Also, note, that the increase of the Euro could be driven by rising tensions between Italy and European Commission.
According the official release: "Following an overly strong April, May marked the smallest gain since the expansion began," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Large companies continue to remain strong as they are better equipped to compete for labor in a tight labor market."
Date | 03.01.19 | 30.01.19 | 06.03.19 | 01.05.19 | 05.06.19 |
---|---|---|---|---|---|
Actual | 271K | 213K | 183K | 275K | 27K |
Forecast | 179K | 180K | 190K | 181K | 185K |
Pair | Open | Close | Change |
---|---|---|---|
AUD/USD | 0.69965 | 0.69977 | 0.02% |
EUR/USD | 1.12936 | 1.12958 | 0.02% |
NZD/USD | 0.66576 | 0.66587 | 0.02% |
USD/JPY | 107.963 | 107.949 | -0.01% |
Pair | Longs | Shorts |
---|---|---|
AUD/USD | 72.1% | 27.9% |
EUR/USD | 27.4% | 72.6% |
NZD/USD | 69.2% | 30.8% |
USD/JPY | 72.4% | 27.6% |
GMT | Currency | Event | Forecast | Previous |
---|---|---|---|---|
12:30 | CAD | Employment Change | 8.0K | 106.5K |
12:30 | USD | Average Hourly Earnings m/m | 0.3% | 0.2% |
12:30 | USD | Non-Farm Employment Change | 180K | 263K |