Private sector job growth rose to 143,000 in September, beating expectations: ADP
Human resources and payroll company ADP ranked cities across the country. The rankings were based on three components of a strong labor market: annual wage growth, new hire wages, and employment rates. US private sector Added more jobs The ADP National Employment Report released Wednesday morning showed that the labor market has rebounded after showing […]
EUR/USD posts modest gains above 1.1050, traders await US ADP report – FXStreet
In Wednesday's Asian session, EUR/USD remained steady around 1.1070. US ISM Manufacturing PMI in September was weaker than expected. Eurozone inflation fell below the ECB target in September. During Wednesday's Asian trading session, the EUR/USD pair was moving moderately higher around 1.1070. Meanwhile, signs of rising geopolitical tensions in the Middle East could weigh on […]
Japanese Yen depreciates as US Dollar holds ground, ADP Employment Change awaited – FXStreet
The Japanese yen fell as the Bank of Japan's opinion summary indicated it intended to maintain an accommodative monetary stance. Japan's Minister of Economy, Trade and Industry Akazawa said Prime Minister Ishiba expected the Bank of Japan to conduct an economic assessment before raising interest rates further. The U.S. dollar has found support as traders […]
Private sector job growth cools in May to 152,000, worse than expected: ADP
Gary Kaltbaum, president of Kaltbaum Capital Management, explains in “Making Money” why a “narrow” stock market is a concern. U.S. companies started hiring more slowly than expected in May, according to the ADP national employment report released Wednesday morning, signaling that the labor market continues to cool on the back of rising interest rates. Businesses […]
XAU/USD: Gold Rockets to Record High Above $2300 After ADP Report Comes In Hot – TradingView
Illustration: TradingView Precious metals rose above milestone prices on Thursday, with much buying fueled by reports that the U.S. economy remains resilient. Key Point: Gold is aiming for a new record of $2,305. The US economy will grow, but inflation will stagnate. Since February 15th, gold has gained 15%. gold price XAUUSD It rose for […]
ADP Says Private Sector Job Growth Slowed in January
An independent measure of U.S. employment showed Wednesday that the pace of hiring by private sector employers slowed in January. Payroll firm ADP said its metrics showed the number of monthly payrolls at U.S. companies rose by 107,000 in the first month of 2024, slowing from a downwardly revised 158,000 in December. The December figure […]
Pound Sterling recovers on weak US ADP Employment data, Fed, BoE policy in focus – FXStreet
share: Weak US ADP jobs data improved market mood and the pound recovered. The Fed and BoE’s monetary policy meetings remain in focus. The Fed and BoE are widely expected to keep interest rates on hold. The British pound (GBP) rebounded in New York trading on Wednesday as US Automatic Data Processing (ADP) […]