ADP employment report for August was released today at 1:15 pm BST. This was the first report following ADP methodology revision that is meant to make data better reflect the situation on the US jobs market. As usual, this was also the final major hint ahead of the official NFP report, which will be released on Friday, 1:30 pm BST. Market expected the ADP report to show a 290k employment gain for August. However, actual report showed an unexpectedly small increase of just 132k. The US dollar weakened following the release although the scale of moves was rather small.
Taking a look at the USD index (USDIDX) at H1 interval, we can see that the index continues a pullback following another failed attempt of breaking above the 109.00 resistance zone.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
