Private payrolls increase by just 374,000 in August, far short of the 600,000 estimate, ADP says
U.S. companies created far fewer jobs than expected in August as the Covid resurgence coincided with cutbacks in hiring, according to a report Wednesday from payroll services firm ADP. Private payrolls rose just 374,000 for the month, well below the...
ADP Large Miss; But Does it Matter for NFP?
ADP reported their assessment of the private Employment Change for the month of August. The number of US jobs added to the economy was 374,000 vs and expectation of +613,000 and July’s downwardly revised print of +326,000. Not surprisingly, the...
EUR/USD Outlook: Euro Rallies after Downbeat US ADP Jobs Report
The Euro accelerate higher on Wednesday after soft US data deflated dollar. The ADP report showed that US private sector added 374K new jobs in August, compared to expectations for 613K and July’s figure, downwardly revised from 330K to 326K....
Dollar Weakens Mildly after ADP Miss, Yen Selloff Continues
Dollar weakens mildly in early US session after big ADP job data miss. But Swiss Franc and Yen remain the weaker ones. Euro and Sterling firm up mildly. But they are outshone by Aussie and Loonie for the moment. Overall...
EUR/USD Elliott Wave Analysis: Be Aware Of More Weakness
The USD is coming up vs EUR despite hawkish ECB and dovish FED on Friday, so this can be a temporary contra-trend reaction. Looking at DXY, we are observing two wave counts where both suggests more weakness but after higher...
US Dollar Has Reason To Rise
Stock markets paused growth yesterday, with the dollar gaining support on the downturn and US indices correcting by around 0.1% from their peaks. Declines in Europe ranged from 0.1% in the CAC 40 to 0.3% in the DAX and 0.4%...
Dollar Losing Downside Momentum, Sellers Turn to Yen and Franc
Dollar recovers broadly today, as the near term decline lost momentum. Selling focus is turned to Yen and Swiss Franc instead. Traders are now awaiting key economic indicators from the US, while would start with ADP employment and ISM manufacturing...
Elliott Wave View: Further Upside In Silver In Near Term
Short-term Elliott wave view in Silver (XAGUSD) suggests the rally from August 9, 2021 low is unfolding as a double three Elliott Wave structure. Up from August 9 low, wave W ended at 24.04 and dips in wave X ended...
Stock futures open slightly higher following another record-setting month for the S&P 500
Traders work on the floor of the New York Stock Exchange (NYSE), Aug. 3, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures opened slightly higher Tuesday night after the S&P 500 notched a seven-month win streak in...
Two more factors have popped up that add to the Fed’s inflation worries
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Trends in home prices and consumer expectations that were part of data releases Tuesday pointed to more inflationary issues on the...