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ADP National Employment Report

ADP National Employment Report | 30 June 2021

30 June 2021, GBP/USD

ADP National Employment Report

GBPUSD trading plan:

ADP National Employment Report is expected to show private payrolls rose by 600,000 in June, after surging by 978,000 in May. While the ADP report is at times not a good predictor of the government's data, it will still be watched by the market, particularly if there are any substantial revisions to its May numbers. U.S. consumer confidence jumped to its highest level in nearly 1-1/2 years in June as growing labor market optimism amid a reopening economy offset concerns about higher inflation. The survey from the Conference Board showed a healthy appetite for long-lasting manufactured goods such as motor vehicles and household appliances, suggesting strong momentum in the economy as the second quarter ended.

Investment idea: range 1.3800 -1.3900.

David Johnson
Analyst of «FreshForex» company
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