A big miss for ADP & significance for NFP
EURUSD,H1 US ADP reported private payrolls increased only 374,000 in August, another disappointing number and about half the consensus estimate of 650,000. Also, the already soft July report was revised…
Read More »COVID-19 puts on the brakes
Producer sentiment is poised for a November pull-back to still elevated levels, with headwinds from rising COVID-19 fears and emerging lockdown disruptions. The early month components were broadly lower, and…
Read More »After ADP, Payrolls rise expected barring any surprises with tomorrow’s claims
The lean 167k July ADP payroll rise undershot our 1,900k private BLS payroll estimate with a 2,600k total BLS payroll gain. We also saw the expected big boost in the…
Read More »