News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
More View more
Real Time News
  • Have you been catching on your @DailyFX podcast "Global Markets Decoded"? Catch up on them now, before new episodes release!
  • [corr] All things considered, $USDSGD, $USDMYR, $USDPHP and $USDIDR failed to generate much upside momentum lately despite rising volatility in the #SP500 Could this continue from here? Check out my latest #ASEAN fundamental outlook here -
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here:
  • 🇳🇱 Consumer Confidence (SEP) Actual: -28.0 Previous: -29
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.44%, while traders in EUR/JPY are at opposite extremes with 63.92%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.13% 🇯🇵JPY: 0.13% 🇬🇧GBP: 0.04% 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.02% 🇦🇺AUD: -0.02% View the performance of all markets via
  • Heads Up:🇳🇱 Consumer Confidence (SEP) due at 04:30 GMT (15min) Previous: -29
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: France 40: 0.93% Germany 30: 0.92% FTSE 100: 0.64% US 500: 0.04% Wall Street: 0.01% View the performance of all markets via
  • #Gold and #Silver are at risk of extending their slide from monthly highs as the lack of additional fiscal stimulus and rising geopolitical tensions underpin #USD $GC $SI $SLV $GLD
  • Entry orders are a valuable tool in forex trading. Traders can strategize to come up with a great trading plan, but if they can’t execute that plan effectively, all their hard work might as well be thrown out. Learn how to place entry orders here:
USD Jumps After Much Better Than Expected March ADP Payrolls

USD Jumps After Much Better Than Expected March ADP Payrolls

2017-04-05 12:40:00
Nick Cawley, Strategist

Talking Points

- US ADP sees strong jobs growth in March, February’s number revised sharply lower.

- Attention turns to the FOMC minutes later in the session.

- See the DailyFX Economic Calendar and see what live coverage for key event risk impacting FX markets is scheduled for next week on the DailyFX Webinar Calendar.

Private sector, nonfarm employment increased by 263k jobs from February to March according to the latest ADP National Employment Report, beating expectations of a 185k increase. However the February blowout reading of 298k was revised sharply lower to 245k. Small businesses (1-49 employees) added 118k new roles, medium-sized businesses (50-499 employees) added 100k of new jobs while large businesses (500+) added 45k new positions.

“The U.S. labor market finished the first quarter on a strong note,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Consumer dependent industries including healthcare, leisure and hospitality, and trade had strong growth during the month.”

Today's release should see anaysts upgrading their expectations for Friday's US Nonfarm Payrolls from a current 180k.

The markets will also be looking forward to the release later today of the minutes of the March 14-15 FOMC meeting, when the central bank raised rates by 0.25%. Investors will especially looking for any clues as to how, and when, the Fed will start reducing its balance sheet, currently standing at around $4.5 trillion. Recent hawkish Fed talk suggests that policy makers want to see at least two more rate hikes until any tapering, while the more dovish say that tapering should be discussed before any further rate hikes.

The USD perked up on the release as the release highlights the current strong jobs market.

Chart: USD Dollar Index (DXY) Five-Minute Timeframe (April 5, 2017).

USD Jumps After Much Better Than Expected March ADP Payrolls

Chart by IG

--- Written by Nick Cawley, Analyst

To contact Nick, email him at

Don't trade FX but want to learn more? Read the DailyFX Trading Guides

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.