We’ve compiled various charts for today’s US Nonfarm Payrolls announcement – the results might surprise you.
Below you will find the historical relationship of the ADP Employment Change report and the Nonfarm Payrolls report; how the EURUSD has fared in response to the previous Nonfarm Payroll reports; and intraday EURUSD price action following the release of the May and June labor market figures.
Source: Bloomberg – Prepared by Christopher Vecchio
Two-year Correlation (ADP versus NFPs): +0.69
Six-Month Correlation: +0.73
WHISPER PRINT: +115-125K (forecast calls for +100K)
Source: Bloomberg – Prepared by John Kicklighter
Source: Bloomberg – Prepared by John Kicklighter
Source: Bloomberg – Prepared by John Kicklighter
--- Written by Christopher Vecchio, Currency Analyst
To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com
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