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- US NFP the major event of the day
US NFP the major event of the day
The headline number for total hires last month was 98,000. April ADP employment number declined after two consecutive months of rocketing to 177,000 slightly lower than market expectation of 180,000. Today payrolls are expected at 190,000.
Instruments to watch - Euro (major resistance at 1.10), gold (broken but hovering close to key support at $1230), yen (waiting to break the resistance at 113), Aussie (hovering close to key support of 0.74), Kiwi (trading close to key support of 0.69) and treasuries (short end could gain grounds on stronger report).
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