BREAKING: ADP report beats expectations, muted reaction

1:20 PM 30 September 2020

ADP report for September, a final hint ahead of Friday's NFP release, was published at 1:15 pm BST. Report signalled a 749k increase in employment compared to 600k expected by economists. 552k service providing jobs were created and 196k goods providing jobs. Equities received a minor boost on the release while USD ticked lower. Overall, market reaction can be considered muted as the scale of moves was very small.

EURUSD moved higher on ADP beat. However, the scale of the move - less than 0.05% - was very small. Source: xStation5

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