ADP employment report for May was released today at 1:15 pm BST. Report was expected to show a 170k increase in US employment in the previous month but actual data came in much stronger and showed a 278k increase. A 110k increase was recorded in goods-producing jobs while the remaining 168k came from an increase in service-providing jobs. A decent jump in goods-producing jobs is especially welcome as recent job increases were driven mostly by the services sector. Data for April was revised slightly lower - from 296k to 291k.
Reaction of the market to the release can be described as hawkish - US dollar gained while equity markets took a hit.
EURUSD at 5-minute interval. Source: xStation5

US500 at 5-minute interval. Source: xStation5
Economic calendar: Smaller US labour market reports set to fight for attention amid geopolitics (02.04.2026)
Daily Summary - Markets Await Trump's Address
BREAKING: ISM shows that expansion continues but inflationary pressures surge
BREAKING: U.S. retail sales above expectations! EUR/USD is gaining!