US ADP Nonfarm Employment Change Up 200K In Sept, USD Rises!

forex jobless min
forex jobless min

The US  ADP Nonfarm Employment Change rose 200K , from 186K  in the previous month, the indicator was expected to rise 194K in the last month.

Market impact: This development should advance the US dollar , let’s see its impact on major pairs:

EURUSD: The pair remains in a pullback mode, daily chart support comes at the 1.1185 levels where the rebound is very likely, a clear break below this level will open 1.1117 levels, stability above the 1.1185 levels could mean a return to the 1.1290 levels.

GBPUSD: On the daily chart, the pair is down below 1.5240 levels, but the 4 hour chart suggests a recovery towards the 1.5240 levels as long as stability above the 1.5128/1.5159 levels.

USDJPY: The pair remains in a sideways move within 118.80/121.00 range…