BREAKING: US Private Sector adds more jobs than forecast

1:20 PM 3 June 2021

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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