The Japanese yen has edged higher and is back below the 116 level. Still, the yen remains vulnerable, especially with US treasury yields moving higher. Earlier in the week, USD/JPY broke above116 line for the first time since January 2017. The dollar has managed to push the yen to 5-year lows on the back of rising US Treasury yields. The 10-year yield, which...
The euro started the New Year with sharp losses, but the currency has rebounded on Wednesday, posting gains of 0.44% and punching above the 1.13 level. Germany's service sector showed contraction in December, falling below the 50-level for the first time in eight months. The PMI fell from 52.7 to 48.7 points. The German recovery stalled in December, as the...
Strong ADP jobs report showing 807K jobs vs 400K expectations. The main jobs report is on Friday (1/7//22), and I expect us to beat the 400K expectations and report ~570K jobs. Hopefully Omicron doesn't make the return of employment drag out more. Rolling 2Y correlation between the two around 70% after normalizing for COVID volatility in 2020.
The recent weakness of the Japanese Yen made all pair Bullish against the Yen, the US Dollar is not exempted. After USDJPY broke the support it mitigated with the Monthly Demand zone, breaking all highs and now it is currently at the supply zone. Will price still remain bullish? Anticipating a decline in price during the Major Economic events holding in the first...
GBPUSD has bounced out of the ascending wedge pattern prior to the USD ADP employment change data, which predicts NFP. Technically the pair has broken the ascending wedge, which is a bearish price pattern, and the pair is looking to further downside.
To make this purchase, you must look for returned candles in the specified area If gold flew from here, this situation would be invalid In this position, look at US labor market indicators and numbers Save profit in 1752
374K ADP 720K Estimates 235K BLS - As 9 Million people loses their unemployment benefits. The largest miss in along time. AN excuse for Mojo-Jojo to continue, while the Chefs added chicken instead of shrimp. Laughable.
Hello, We are approaching a fundamental rally between tomorrow and Friday with the following economic events: ADP (Automatic Data Processing) Non-Farm Employment - Expecting bad numbers Unemployment Claims - Expecting bad numbers PMI - Expecting good numbers Average Hourly Earnings - Expecting bad numbers NFP - Expecting good numbers Unemployment Rate -...
The Canadian dollar is slightly higher on Friday. Currently, USD/CAD is trading at 1.2513, down 0.25% on the day. On the fundamental front, Canada will release tier-2 data, including Housing Starts. In the US, today's highlight is UoM Consumer Sentiment, which is expected to accelerate to 88.9 points. Canada's ADP job report has been bleak in recent months, with...
The British pound is almost unchanged for a third straight day. Currently, GDP/USD is trading at 1.3964, up 0.07% on the day. Pound stabilizes below 1.40 The British pound is in tranquil waters this week, after the currency slid 1.5% late last week. The catalyst for the steep drop was the sharp jump in US Treasury bonds, which boosted the US dollar. However,...
Currently I'm bullish but I'll be bearish off the 1.29 handle. This morning we had fairly decent ADP figures from the US in at +174k. Typically on a monthly basis the ADP provides a leading clue as to what we might expect with the following NFP figures. My guess is that Non-Farm on Friday will come in hot and could add some strength to the greenback. I don't...
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07/16/2020 $ADP Sentiment Algo uses 'advanced big data analytics'. This stock has potential for a significant increase in volatility . This is not a buy/sell signal
ADP is trading is the middle of the projection. Overall the stock is trading in the bullish form after a continuous fall.
Automatic Data Processing, Inc. BUY PREDICTION
Friday promises to be an extremely eventful and interesting day. On the one hand, statistics on the US labor market will not let you get bored in the currency and stock markets, and on the other hand, the results of the OPEC meeting will determine the dynamics in the oil market. We will talk about this and much more in today's review. But let's start...