1:21 PM · 2 March 2022

BREAKING: USD strengthens after upbeat ADP report

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

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