Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

DailyFX Home / Market Alerts

US ADP Misses Ahead of NFP, USD/JPY Slides Lower

By David Maycotte
04 June 2014 12:55 GMT

Talking Points:

US ADP Employment Change disappointed in May as it registered at the lowest level since January. ADP is closely watched by market participants to gauge a feel for the highly anticipated jobs report - US NFP. The miss and downward revision does not promote a positive tone moving into the report on Friday. DailyFX Quantitative Strategist David Rodriguez discusses how key events may disappoint, putting the recent US Dollar a rally at risk.

The Japanese Yen rose against the US Dollar, extending gains from earlier. On a broader perspective, USDJPY is positive above 101.75, according to DailyFX Strategist Jamie Saettele.

US ADP Misses Ahead of NFP, USD/JPY Slides Lower

USD/JPY5-minute – using FXCM Marketscope 2.0.

US NFP.

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to dmaycotte@FXCM.com.

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

04 June 2014 12:55 GMT