Results of USD ADP Employment Change for 06-03-09

The USD ADP Employment Change had only a very small change from the forecast.

The forecast was a -525K, the actual came out at a -532K, a small difference of  7K – not nearly enough to surprise or influence any market movement.

About 2 minutes and 30 seconds after the release of the employment change, the revision of the 05-06-09 report was released which was even worse by 54K not employed.

In spite of the revision, and the small difference in a negative direction of the employed persons, the market seemed to go positive for the USD.

The EUR/USD currency pair moved down about 60 PIPS in about 40 minutes.

The USD/CAD currency pair moved up about 60 PIPS in about 35 minutes.

The GBP/USD currency moved down about 70 PIPS after a 20 minute range and small move up.

The USD/JPY currency pair made a small move up for about 6 minutes then moved down.

This entry was written by shark, posted on June 4, 2009 at 12:28 pm, filed under Employment Economics and tagged . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

2 Comments

  1. euroxFrurnGax
    Posted June 5, 2009 at 8:31 pm | Permalink

    Hi, Congratulations to the site owner for this marvelous work you’ve done. It has lots of useful and interesting data.

  2. JamesD
    Posted June 11, 2009 at 1:39 am | Permalink

    Thanks for the useful info. It’s so interesting

Post a Comment

Your email is never shared. Required fields are marked *

*
*