The ADP report showed an increase in US private employment of just 27k in May – the least since March 2010. On top of other lackluster reports it might be another sign of economic slowdown and the report has only fueled speculation about the interest rate cut. EURUSD surged above 1.13 as a result – the pair has not been this high since mid-April. Traders are still awaiting the ISM non-manufacturing report this afternoon (4pm CET).
EURUSD above 1.13 after dismal US data
Jun 8, 2019
Daily summary: European stocks closed sharply lower as inflation fears prompt sell-off
Feb 26, 2021
Three markets to watch next week (26.02.2021)
Feb 26, 2021
Nikola's stock fell 10% after company lowered its production forecast
Feb 26, 2021
BREAKING: US Core PCE inflation above expectations
Feb 26, 2021
BREAKING: EURUSD tests key support
Feb 26, 2021