1:20 PM · 3 June 2021

BREAKING: US Private Sector adds more jobs than forecast

ADP employment report was one of the top tier economic releases scheduled for today. Data was expected to show an increase of 650k jobs following a 742k increase in April. While data released at 1:15 pm BST showed a 978k jobs growth in the US employment in May, better than markets expected. USD gains a little after release, EURUSD down a several pips. This was the final hint ahead of Friday's NFP report release (1:30 pm BST).

Despite the first downward movement looking at the broad perspective, EURUSD has been trading in a local sideways move between a resistance at 1.2240 and the support at 1.2165. Source: xStation5

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