Posts Tagged ‘adp’

FX Volatility Bounces From a Seven-Year Low

by Christopher Lemieuxon June 4, 2014 9:43 pm BST
The large problem with the currency market, as well as other asset classes, is the lack of volatility. Often dubbed a fear gauge, volatility presents opportunity for traders to trade the market. Recently, the forex market hit a seven-year volatility low. However, market participants are anticipating the outcome of tomorrow’s European Central Bank (ECB) meeting. […]

Dollar Falls After Poor ADP Non-Farms Payroll Report

by Christopher Lemieuxon June 4, 2014 1:40 pm BST
The US dollar fell after the initial report that the ADP non-farm payrolls came in much lower than forecasted. According to ADP, only 179,000 jobs were added in May opposed to the general consensus of 217,000 forecasted by analysts. Last month’s report was revised downward from 220,000 jobs to 215,000. This further suggests that the […]

Dollar-Yen Trades Through 102.50 Ahead of ADP Non-Farms Payrolls

by Christopher Lemieuxon June 4, 2014 4:32 am BST
The dollar-yen pushed above 102.50 ahead of the ADP non-farm payroll report tomorrow, as market participants are optimistic that the US economy is on the right path. The pair has seen a quick move upwards after reclaiming resistance at 102.11 on a sell-off of US treasuries, which has worked out well as a pair trade. […]

ADP Non-Farm Payrolls Becomes the New DJIA

by Christopher Lemieuxon April 2, 2014 2:18 pm BST
According to ADP, the March ADP non-farms payroll slightly missed the 192K expectations, coming in at 191K. Equities and other risk assets trade modestly lower, but there is little action in pre-US market trading. The overly optimistic love jumping on the, often inaccurate, ADP report. “We’re starting to see the recovery in the data that […]