Wednesday, December 3, 2014

ADP: 208 thousand new jobs created in November

Ahead of the official non-farm employment change by the government, the ADP national employment report estimates that 208 thousand new jobs were created  last month. This figure failed to hit the estimates of 223 thousand new jobs and a substantial drop from October`s 233 thousand jobs.

The full report can be found here.

Surprisingly though the US dollar is pretty strong at this hour in spite of the weak data.

 All the common pairs as seen above moved in favour of the greenback`s strength.

Here is how my USD/JPY long is doing:


I bought this pair at 117.90 last Tuesday as seen in my earlier post. Once it hits my target price of 120.00, I`ll call it a day for this position.

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