Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.
The typical/expected impact on USD pairs is high.
The consensus forecast for ADP Employment Change is 139K. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
The most recent announced value for ADP Employment Change was 146K against a forecast of 150K.
Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next ADP Employment Change result:
Previous | Latest | ||||
---|---|---|---|---|---|
Factory Orders (MoM) | Bearish change | 0.5% | -0.4% | ||
S&P Global Composite PMI | Bearish change | 56.6 | 55.4 | ||
ISM Manufacturing Employment Index | Bearish change | 48.1 | 45.3 | ||
ISM Manufacturing New Orders Index | Bullish change | 50.4 | 52.5 | ||
ISM Manufacturing PMI | Bullish change | 48.4 | 49.3 | ||
ISM Manufacturing Prices Paid | Bullish change | 50.3 | 52.5 | ||
Initial Jobless Claims | Bullish change | 220K | 211K | ||
Housing Price Index (MoM) | Bearish change | 0.7% | 0.4% | ||
Pending Home Sales (MoM) | Bullish change | 1.8% | 2.2% | ||
Chicago Purchasing Managers' Index | Bearish change | 40.2 | 36.9 | ||
Initial Jobless Claims | Bullish change | 220K | 219K |
Country: | United States |
---|---|
Currency: | USD |
Source: | ADP Research Institute |
Category: | Labor Market |
Frequency: | Monthly |