BREAKING: ADP jobs report comes in well above expectations

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ADP report on change in US employment in January was released at 1:15 pm GMT. Data was expected to show an increase of 49k jobs following a 123k million decrease in December. However, the report showed an increase of 174 k jobs, much better than markets expected. Today’s report is a hint ahead of the NFP report which will be released on Friday at 1:30 pm GMT.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.20 level. Source: xStation5

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