US ADP report from labor market: 145k vs 210k forecast and 242 k previous. In the first reaction, US100 is gaining a little bit.
ADP US March goods-producing jobs rise by 70,000, and service-providing jobs rise by 75,000, As we can read in ADP analytical report, the March data suggest that the economy is slowing and the labor market is decelerating after a year of high expansion.
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US100 chart, M30 interval. The Nasdaq bulls defend the SMA200 (red line) and now, the price is trying to resie above SMA100 (black line) resistance zone) to extend bullish momentum. Źródło: xStation5
Detailed data show that employment is decelerating primarily in the financial, business services and industrial sectors. Employment growth belongs primarily to the leisure and construction industries. Source: ADP
ADP data recorded a sharp dip, which may suggest that Friday's NFP data, also may surprise with a reading lower than the analyst consensus assumes. Source: XTB
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