U.S. employment data

• ADP nonfarm employment change (December), fact 271K, forecast 179K.
• Initial jobless claims, fact 231K, forecast 220K.

Preliminary data on the number of people employed in the non-farm sector from ADP showed a noticeable increase, which is very positive compared to the expectations of the US employment report, which will be released tomorrow. At the same time, data on initial applications for unemployment benefits, which were very close to the annual high, had a restraining effect.

Fig. 1 U.S. ADP nonfarm employment change chart

 

In conditions of low activity and the correction of the dollar after growth, investors preferred to sell off the American currency, rather than increase the pressure on the American dollar, which is limited to the daily low of 96.50-40.

The US dollar index chart. The current price is 96.60 (10-year government bonds yield is the blue line)

Read also: “Prospects for  recovery of emerging markets”

Andre Green

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

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