U.S. Employment Data

• ADP nonfarm employment change (Sept), fact 135K, forecast 140K.

The number of people employed in the non-agricultural sector, according to ADP in the United States, has slowed down. It should be noted that the revised value for the previous period is downward, which indicated a slowdown in the US labor market.

Fig. 1. ADP nonfarm employment change chart in the USA

Amid weak data on the US employment growth ahead of Friday’s Employment Report, the US dollar remains under a moderate pressure against a basket of competitors. As a result, the formation of lateral dynamics in the trading range from 99.40-50 to 99.10-00 is not ruled out.

Fig. 2. The US dollar index chart. Current price – 99.20 (10-year US government bonds yield – blue line)

Read also: “Japanese Yen: expectations and prospects”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Stock indices are ready to renew a historical high
2. What indicators choose Forex traders (Part 1)
3. The results of the ECB September meeting for the global economy

Current Investment ideas:

1. Several reasons to buy Cisco Systems, Inc. shares in October. Let’s earn Together!
2. Technology giant Microsoft is getting ready to storm new highs! Let’s make money on it!