Jump to content

Recommended Posts

Big beat on the ADP employment data yesterday pushed indices to record highs in the US and Asian sessions.

 

https://www.ig.com/uk/indices-news/2017/06/02/asia-morning-update--jobs-data-lift-risk-sentiment-38491

 

Awaiting conformation (or not) in today's NFP.

On average NFP figure down by around 55k on the ADP figure (over last 6 months). NFP estimate is 185k while the ADP yesterday was 253k so NFP could well come in higher than the estimate.

 

But if NFP comes in around estimate or lower could see some Friday afternoon position unwinding.

 

Pic by Sigma Squawk.

 

ADP avg 55k over.PNG 

Link to comment
  • 1 month later...

S&P big down day today but into major support. NFP could exaggerate a bounce up or a break down for this and Dow.

EURUSD big up day to retest daily,weekly and monthly resistance, same again, a big NFP number outside expectations could trigger a major move. 

ADP NFP Thursday slightly lower but historic poor correlation. Wait for the news then try to jump aboard the winner.

 

SPX500(£)Daily.pngEURUSD(£)Daily.png

 

 

 

Link to comment
  • 3 months later...
  • 5 months later...
  • 1 month later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...