US ADP Employment Change registered at 191K, missing expectations (195K) in March

FXStreet.com (Barcelona)

Apr 2, 2014

Markets in wait-and-see mode ahead of ADP, ECB and NFP

Markets remain in wait and see mode after a quiet morning European session. Eyes are on this afternoon’s US ADP numbers as well as tomorrow’s European Central Bank decision and Friday’s non-farm payroll numbers.

EUR/USD breaks below 1.3785 after ADP report

The Euro is losing ground against the US Dollar following the weaker than expected ADP report. The EUR/USD just broke the MA 200-hour level at 1.3785 to trade at daily lows around 1.3775.