ADP report on change in US employment in February was released at 1:15 pm GMT. Data was expected to show an increase of 390k jobs following a 301k decrease in January. However, the report showed an increase of 475k jobs, much better than markets expected. Stocks fell slightly and USD rose after the release. Today’s report is a hint ahead of the NFP report which will be released on Friday at 1:30 pm GMT.
EURUSD bounced off the1.1120 resistance and may be heading towards next support level at 1.1061. Source:xStation5
Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole
🚩 EURUSD loses 0.3%
🗽 Fed chair, Kevin Warsh speech from Jackson Hole
Economic Calendar: All eyes on Kevin Warsh! Will Fed Chair protect his credibility?