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  • ADP National Employment Report: Private Sector Employment Increased by 208,000 Jobs in September; Annual Pay was Up 7.8%

    From prnewswire.com

    Private sector employment increased by 208,000 jobs in September and annual pay was up 7.8% year-over-year, according to the September ADP® National Employment Report™ produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data of over 25 million U.S. employees to provide a representative picture of the labor market. The report details the current month's total private employment change, and weekly job data from the previous month. ADP's pay measure uniquely captures ... (full story)

How do you think the trend of gold will be today?
Quoting sboy.s63
How do you think the trend of gold will be today?
Gold seems like it's hit resistance on the higher timeframes. It could fall from the recent highs based on technicals.
Buy USD again. The private sector 200000 more jobs are good data and Anual pay also.
Good employment basically means that the pivot is not happening, the better the US economy seems on paper, the more room for the FED to keep raising rates.

Should be good for the Dollar taking into consideration the last employment data reaction.
Market goes up of eurusd and news for usd is good.how?
Quoting kleokl7
Good employment basically means that the pivot is not happening, the better the US economy seems on paper, the more room for the FED to keep raising rates. Should be good for the Dollar taking into consideration the last employment data reaction.
Nope feds are done raising rates and USD will continue to perish I guess time will reveal the truth
Master your mind. Master Trading.
Quoting KareemAliFx
{quote} Nope feds are done raising rates and USD will continue to perish I guess time will reveal the truth
I'll bookmark this post and show it to you AFTER the FED raises rates to 4.5%.
...because you never know - until you do!
Based on this fundamental, Gold should be dropping?
USD increase more than forecast but gold is buying why is that please tech me..?
Quoting kvmystic
Market goes up of eurusd and news for usd is good.how?
1. When looking at EUR/USD what's most important is the USD part (look up DXY = dollar futures).

2. This is good employment numbers for USA. That means the FED will NOT pause and keep raising USD rates. There is no "pivot" that the talking heads all mention.

3. The jobs number is just one point that the FED looks at; PMI is coming up and it has more of an impact.

4. Any data that suggests a slowdown in the USA economy = ammunition for people to tell FED: Stop raising rates! Problem with that? The FED DOESN'T CARE!!!

Hope that helps
...because you never know - until you do!
Quoting KareemAliFx
{quote} Nope feds are done raising rates and USD will continue to perish I guess time will reveal the truth
I mean, just judging by what they have been saying and how the markets have reacted to data. If the dollar ends up perishing or not, I'll be too old by then to worry about it now.
Quoting fxsport
{quote} 1. When looking at EUR/USD what's most important is the USD part (look up DXY = dollar futures). 2. This is good employment numbers for USA. That means the FED will NOT pause and keep raising USD rates. There is no "pivot" that the talking heads all mention. 3. The jobs number is just one point that the FED looks at; PMI is coming up and it has more of an impact. 4. Any data that suggests a slowdown in the USA economy = ammunition for people to tell FED: Stop raising rates! Problem with that? The FED DOESN'T CARE!!! Hope that helps...
Thnks a lot for you kind information
Quoting KareemAliFx
{quote} Nope feds are done raising rates and USD will continue to perish I guess time will reveal the truth
Yeah you're advice is garbage.
Quoting sfrankenfx
{quote} Yeah you're advice is garbage.
My advice has paid me 2000 pips in a week but hey every one on here seems to always disagrees with me and I always win
Master your mind. Master Trading.
Quoting fxsport
{quote} I'll bookmark this post and show it to you AFTER the FED raises rates to 4.5%.
Good can’t wait to see your reaction when usd continues to burn !
Master your mind. Master Trading.
Quoting KareemAliFx
{quote} My advice has paid me 2000 pips in a week but hey every one on here seems to always disagrees with me and I always win
You saying that you 'always' win screams alarm bells, nobody always wins. You selling the dollar and making assumptions that an instrument will 'perish' in a strong bullish trend is bad advice. You should stop commenting on threads as your information is going to be read by new traders that will sadly lead to them incurring many losses.
You think you'd learn that a simple and healthy bearish US dollar market correction is just that, a correction to continue to buy. Yet people like you thinking the trend is randomly over due to a slight correction. No wonder the majority loose. You are yet anther example of this.
Quoting KareemAliFx
{quote} Good can’t wait to see your reaction when usd continues to burn !
Hey if I am wrong I will admit it.

Long-term (on a yearly basis) yeah USD would go down.

Short-term (until the end of 2022) don't bet against the USD

Scalping (until the end of today) it can go either way but my sentiment is USD UP (pending the PMI)
...because you never know - until you do!
Quoting KareemAliFx
{quote} My advice has paid me 2000 pips in a week but hey every one on here seems to always disagrees with me and I always win
Look sorry mate for putting my foot in here..but with respect.. Screw your 2000 Pips.
Im not for a moment doubting your competence as a trader/analyst, or the sincerity of your advice..
But pips mean NOTHING. In last decade the most profitable time my brother and I ran large trust accts, we often didnt make a pip. But we made consistent alpha RoI.
Im intervening here not to argumentative.. but to ensure that newbies out there reading this thread understand that there a couple of important metrics for judging competence and Pips are'nt one of them.
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting fxsport
{quote} 1. When looking at EUR/USD what's most important is the USD part (look up DXY = dollar futures). 2. This is good employment numbers for USA. That means the FED will NOT pause and keep raising USD rates. There is no "pivot" that the talking heads all mention. 3. The jobs number is just one point that the FED looks at; PMI is coming up and it has more of an impact. 4. Any data that suggests a slowdown in the USA economy = ammunition for people to tell FED: Stop raising rates! Problem with that? The FED DOESN'T CARE!!! Hope that helps...
Thnks a lot
Quoting KareemAliFx
{quote} Good can’t wait to see your reaction when usd continues to burn !
Here's MY reaction:
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD_20221005_10.24.png Size: 20 KB
Attached Image (click to enlarge)
Click to Enlarge Name: happydance.gif Size: 406 KB
Yeah baby! DXY climb to 112+ today
...because you never know - until you do!
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How do people think that a trend has changed so quickly over a minor correction? Everything needs to correct at some point, does not mean that the dollar is now bearish because of this minor downside. This just gives us better prices to continue to buy USD. It’s really that simple
Quoting fxsport
{quote} Here's MY reaction:{image}{image}Yeah baby! DXY climb to 112 today
I said earlier I have buys in last week btw buying more
Attached Image (click to enlarge)
Click to Enlarge Name: 7B646F38-56AA-4766-AE96-066A0665F69D.jpeg Size: 647 KB
Master your mind. Master Trading.
Quoting KareemAliFx
{quote} I said earlier I have buys in last week btw buying more {image}
Buy today also
Quoting KareemAliFx
{quote} I said earlier I have buys in last week btw buying more {image}
I hope to god you have stops set... you are too emotional. Bad mix.
Quoting sfrankenfx
{quote} I hope to god you have stops set... you are too emotional. Bad mix.
I made a mistake but I am good for this zone to reverse the underwater was I failed to wait for the deceptive data release I’ll watch out for next time but I’m firm on usd weakness
Master your mind. Master Trading.
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