EUR/USD: Little reaction to the ADP report exceeds the expectations


© Reuters. EUR/USD, Euro-Dollar

The ADP report on job creation, US in the month of April, spring is now above the consensus, with 204k new jobs, compared to 200k expected.

The previous month, the creations of ADP employment had reached 241k. However, even if it appears in net decline compared to the previous month, the ADP report for April, remains solid, setting above the bar of 200k.

After the sharp fall of the sub-Employment index of the ISM manufacturing index posted yesterday, it is a reassuring to the report, NFP, which will be due Friday.

On the forex, it should be noted that these figures do not seem to impact the trade, the EUR/USD pair continued to hesitate without volatility around 1.20.

In regards to the important thresholds to watch for, it will be noted in relation to the supports the hollow of yesterday to 1.1980 before 1.1950 and 1.19.

The increase, the area of 1.2055-65, in which lies also the MM100 data schedules, will form the first resistance if an upward movement is established from 1.20.

Remember to finish that traders are still expecting the Fed meeting this evening among the events of the day that could influence the EUR/USD.

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