What to look for in the US Session ...Middle East

The European Session is dull today as we have the Labour Day's Holiday. Things will get much more interesting in the US Session as we get some key US economic data and then we finish the day with the FOMC rate decision. Let's break down the upcoming data releases and see what could be the likely market impact.US ADP 12:15 GMT (08:15 ET)The US ADP is expected at 175K vs. 184K prior. Last month, the data surprised to the upside with the biggest increase in hiring in eight months. The worrying part was the change in annual pay which showed an unchanged 5.1% rate for job stayers and a big jump to 10.1% vs. 7.6% prior for job changers. The problem here is that a resilient labour market with risin

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Last updated : 01 May 2024 clock 01:05 PM

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What to look for in the US Session ...Middle East

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