June 2014 US ADP employment report 281k vs 200k exp

  • Prior 179k. No revision
  • Small business 117k vs 82k prior
  • Medium bus 115k vs 61k Prior
  • Large bus 49k vs 37k prior
  • Manufacturing 12k vs 10k prior
  • Financial 11k vs 6k prior
  • Construction 36k vs 14k prior

BOOM! USD/JPY gaps up 3 pips from 101.52 to 101.55 then runs higher to 101.68. A gap up in dollar yen?? Well I never.

EUR/USD is spanked down to 1.3643 but still within that area of support.

GBP/USD loses 20 pips from 1.7160

AUD/USD breaks important support at 0.9440/50 and if we don’t regain the level sharpish we could be seeing 0.9400 fairly quickly.

It’s a data point move so look for confirmation of any breaks before jumping in.

ADP jobs report 02 07 2014

ADP jobs report 02 07 2014

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