US Private Sector Employment Increased by 238,000 Jobs in December | Forex Factory

  • US Private Sector Employment Increased by 238,000 Jobs in December

    From adpemploymentreport.com Story is in PDF Format

    Private sector employment increased by 238,000 jobs from November to December, according to the December ADP National Employment Report. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. Goods-producing employment rose by 69,000 jobs in December, up from an upwardly revised figure ... (full story)

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Exodus
Jan 8, 2014 8:02am
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Quoting Didgeridoo
USD/JPY appears to be overbought. What do you reckon, skyboys007 / Exodus (or anyone else)
...only on the long timeframes, day or more, and then it looks well-bid as opposed to over-bought. Trade carefully.
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Exodus
Jan 8, 2014 8:25am
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Quoting Aaronfb
Good or bad US news can send the market in either direction. ADP news could be looked at as good for the US so we will have a strong USD. On the flip side, it could be seen as strong US = take more risk so people sell USD to buy EUR, GBP, AUD...

"News" doesn't tell you anything about which way the market will go. You trading method should be setting the direction of your trades, not the news.
Agree, was thinking this earlier. Strong employment numbers likely to be seen as 'risk on'.
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Pip Anon
Jan 8, 2014 8:03am
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Quoting Alexeii
I agree with this, everybody hires in December just for one month and after kick them out.
If you look, 170K were in the services sector. These are the part-time, low paying jobs. A father-of-two working as a waiter at Outback Steakhouse is nothing to be excited about.

When you see 170K in the professional fields, then we're getting somewhere.
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Pip Anon
Jan 8, 2014 12:52pm
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EURUSD is down. It refused to respond to rate cuts, shite fundamentals and the bunch. Stronger dollar is likely to continue.

You can only swim up stream for so long before a BIG feckin Grizzley eats your shite for lunch
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Greener
Jan 8, 2014 7:45am
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Quoting skyboys007
Warning for yen crosses.
we shouldn't underestimate the detrimental effects of a strong USD and a too fast growth on US economy. However, I don't take todays data too seriously as consensus estimate was ridiculously low.
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Greener
Jan 8, 2014 8:12am
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Quoting Alexeii
I agree with this, everybody hires in December just for one month and after kick them out.
Anything adds up to December data and should be USD positive, incuding Wal-Mart Santas...that doesn't explain why December consensus was for a drop
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cppolybd
Jan 8, 2014 8:33am
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Quoting Exodus
Agree, was thinking this earlier. Strong employment numbers likely to be seen as 'risk on'.
Again bad employment data means also eur, aud, gbp up. So either way usd should go down !!!! Or should I say there is no way to tell when strong job data means risk off instead of risk on....
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redfx1989
Jan 8, 2014 12:26pm
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Quoting ajpipsmaker
Well, I initially thought that there can be some risk-on theme, but later decided against. The GBPUSD is climbing whereas the pairs like AUDUSD and NZDUSD are diving
G/U up because Queen Elizabeth do fitness hahaa
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Tony112
Jan 8, 2014 7:19am
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EUR/USD death. Sell now and purchase luxury houses cars and burgers
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Exodus
Jan 8, 2014 7:40am
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Yeh, look at that for market manipulation. Yen crosses spike down then gap up....
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Pip Anon
Jan 8, 2014 7:55am
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I'd like to see the raw numbers. In other news, Wal-Mart adds 70,000 greeters in December.
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frx_trader
Jan 8, 2014 8:21am
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They are hunting stop Losses, so that your monitors are upside down.
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BarryFGS
Jan 8, 2014 7:27am
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It's early to sell I think SELL order under 1.3660
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alagiri64
Jan 8, 2014 8:22am
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Strong employment data pushed EUR, GBP Up!!!!!!!!!! GOLD alone responded. Whats the use of the news / data ? don't understant
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Didgeridoo
Jan 8, 2014 7:45am
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Quoting skyboys007
Warning for yen crosses.
USD/JPY appears to be overbought. What do you reckon, skyboys007 / Exodus (or anyone else)
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cppolybd
Jan 8, 2014 8:13am
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ADP is stronger which is good news for GBP I guess. So 1.65 is possible !!!!
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cppolybd
Jan 8, 2014 8:17am
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Always trade against news....
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Aaronfb
Jan 8, 2014 7:28am
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News is a poor indicator of where a currency might go. It can be detrimental to your trading. There is always some volatility associated with any big news - but usually the market keeps headed in the direction it was going before the news.
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Alexeii
Jan 8, 2014 7:57am
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Quoting Pip Anon
I'd like to see the raw numbers. In other news, Wal-Mart adds 70,000 greeters in December.
I agree with this, everybody hires in December just for one month and after kick them out.
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Aaronfb
Jan 8, 2014 8:17am
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Quoting vipul7892
market is no going as per news data is good for usd so y not going down
Good or bad US news can send the market in either direction. ADP news could be looked at as good for the US so we will have a strong USD. On the flip side, it could be seen as strong US = take more risk so people sell USD to buy EUR, GBP, AUD...

"News" doesn't tell you anything about which way the market will go. You trading method should be setting the direction of your trades, not the news.
Reply
Aaronfb
Jan 8, 2014 8:39am
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Quoting cppolybd
Or should I say there is no way to tell when strong job data means risk off instead of risk on....
There is no way to tell (aside from your chart), people make the risk-on/risk-off call after they see the news release, the initial market reaction, and where the market is a few hours later.
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Spreadbetter
Jan 8, 2014 8:51am
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Add in the tapering of the taper...oh and you might want to pull up a daily chart of the djia on the 18th December to test your theory wrt news not moving the market.


Quoting Aaronfb
Good or bad US news can send the market in either direction. ADP news could be looked at as good for the US so we will have a strong USD. On the flip side, it could be seen as strong US = take more risk so people sell USD to buy EUR, GBP, AUD...

"News" doesn't tell you anything about which way the market will go. You trading method should be setting the direction of your trades, not the news.
Reply
Spreadbetter
Jan 8, 2014 8:58am
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The simplest comparison is versus this time last year; December 2012 was 118K and Jan 2013 was 192K. December 2013 229K and Jan 2014 238K. Huge like for like improvement of close on 50%.


Quoting Alexeii
I agree with this, everybody hires in December just for one month and after kick them out.
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thekiller
Jan 8, 2014 7:20am
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sell GBP and EUR
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Alexeii
Jan 8, 2014 7:24am
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I don't see any impact
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thekiller
Jan 8, 2014 7:25am
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Quoting Alexeii
I don't see any impact
just wait for while
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Deddy Fang
Jan 8, 2014 7:27am
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Quoting Tony112
EUR/USD death. Sell now and purchase luxury houses cars and burgers
really ? hahahahaha
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111ForexGuru
Jan 8, 2014 7:27am
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Will not have a very huge impact like the NFP on Friday. If the NFP report on Friday mimics this then we are going to see huge fall in EURUSD/GBPUSD.
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skyboys007
Jan 8, 2014 7:30am
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Warning for yen crosses.
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vipul7892
Jan 8, 2014 8:04am
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market is no going as per news data is good for usd so y not going down
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ibaz
Jan 8, 2014 8:27am
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stay cool..wait and see
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thekiller
Jan 8, 2014 8:35am
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Quoting cppolybd
ADP is stronger which is good news for GBP I guess. So 1.65 is possible !!!!
don't be too optimistic you can seriously hurt yourself lol
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thekiller
Jan 8, 2014 8:36am
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sooner or later GBP n EUR will fall like watefall but we will have to wait for signal
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ajpipsmaker
Jan 8, 2014 10:25am
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Well, I initially thought that there can be some risk-on theme, but later decided against. The GBPUSD is climbing whereas the pairs like AUDUSD and NZDUSD are diving
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Trader#E9A1
Jan 8, 2014 7:19am
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Usd strengthen, euro down!!.....
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Trader#44C3
Jan 8, 2014 7:50am
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good news for usd not a lot of movement eur/usd and a quick bounce back think might not play out as expected?
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