Weak ADP Fails to Spark Sustained Dollar Selloff, Gold Approaches Record
Dollar bears attempted to push the greenback lower following the release of much weaker-than-expected ADP employment data, but the downward momentum lacked conviction. Traders remain cautious, given that ADP data has not consistently aligned with non-farm payrolls, leaving room for surprises when the NFP is released tomorrow. Furthermore, today’s upcoming ISM services report could still […] The post Weak ADP Fails to Spark Sustained Dollar Selloff, Gold Approaches Record appeared first on Action Forex.
Dollar bears attempted to push the greenback lower following the release of much weaker-than-expected ADP employment data, but the downward momentum lacked conviction. Traders remain cautious, given that ADP data has not consistently aligned with non-farm payrolls, leaving room for surprises when the NFP is released tomorrow. Furthermore, today’s upcoming ISM services report could still […]
The post Weak ADP Fails to Spark Sustained Dollar Selloff, Gold Approaches Record appeared first on Action Forex.
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