Tag Archives: adp

Private sector employment in the US increased by 140,000 in February, according to the Automatic Data Processing (ADP) report released on Wednesday. This figure represented a rise from the revised January number of 111,000 (previously reported as 107,000), but fell short of market expectations, which had anticipated a gain of …

Bitcoin (BTC) faced heightened volatility on Tuesday, slipping below the crucial $39,000 threshold and registering a 4.33% decline over the past 24 hours. As of the latest update, the primary cryptocurrency was exchanging hands at $38,955. This market movement prompted a significant liquidation event, affecting 124,153 traders and resulting in …

Bitcoin jumped 6% during January 9 trading as investors awaited potential regulatory approval of a US Bitcoin exchange-traded fund this week. In mid-trading on Tuesday, January 9, the price of Bitcoin reached more than $46,600, after recording $46,840, i.e. the highest level since April 2022. The number of Bitcoins mined …

Bitcoin has recovered from its recent decline earlier in the week, trading 4.02% higher over the past 24 hours and peaked to $44790, but at the time of writing, Bitcoin is trading at $44333 up by 3.45%.Analysts attribute this to uncertainty from the Fed on the pace of rate cuts …

The ADP Research Institute is scheduled to release the December Jobs Survey on Thursday. This survey provides an independent estimate of private-sector employment and pay and is typically unveiled two days prior to the official Nonfarm Payrolls (NFP) report. While the correlation between ADP and NFP numbers is not consistently …

The GBP/USD pair has not recovered much after Tuesday’s steep drop, but it is currently trading around 1.2644. This week’s UK data is scarce as investors prioritize US labour and economic activity data. Leading the way is the US ISM Manufacturing Purchasing Managers’ Index, whose December PMI surpassed forecasts but …

US stocks were little changed on Wednesday as investors looked to data that signaled more cooling in the labor market. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all traded flat after the gauges closed Tuesday mixed.On Wednesday, fresh signs of softening in the labour market were brought …

The dollar was generally lower on Thursday, with risk-sensitive Asia-Pacific currencies leading gains as investors became increasingly convinced that US interest rates may have peaked after the Federal Reserve kept them unchanged. The focus now turns to the Bank of England and whether it will make the same move on …

On Wednesday, the US dollar reached a level not seen in almost a month as the DXY Index surged by 0.30%. The US dollar is supported by cautious market sentiment ahead of the Federal Reserve’s policy decision, even in the face of weak US economic data and declining US bond …

According to data released by Automatic Data Processing (ADP) on Wednesday, private sector employment in the US saw a modest increase of 113,000 jobs in October. This figure, although below market expectations of 150,000, marks a slight improvement from the 89,000 jobs added in September. Analyzing the survey results, Nela …