Search results for "ADP"

U.S. Treasury yields continued to decline after the ADP data was released, with the 10-year Treasury yield reported at 4.149%.

BlockBeats news, on April 30, the U.S. Treasury yield continued to decline after the ADP data was released; the latest yield on the 10-year Treasury fell by 2.5 basis points to 4.149%. The two-year U.S. Treasury yield finally fell by 1.4 basis points to 3.644%. (Jin10)
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Institution: ADP data showed a nice Rebound

Jin10 reported on April 2 that Adam Button, an analyst at the financial website Forexlive, stated that the March ADP data from the U.S. is a decent rebound considering the poor data from February. There is no evidence to suggest that layoffs have been caused by policy uncertainty (at least outside of the government), and with this rebound, there is also not much evidence pointing to a lack of hiring. Business sentiment is low, so this situation may change, but the mismatch between hard data and soft data continues.
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Before the release of the ADP, there is a 93% probability that the Fed will keep the Intrerest Rate unchanged in March

Golden data March 5th news, according to CME's 'Fed Watch': The probability of the Fed maintaining the Intrerest Rate in March is 93%, and the probability of a 25 basis point rate cut is 7%. By May, the probability of maintaining the current Intrerest Rate is 56.2%, the cumulative probability of a 25 basis point rate cut is 41.0%, and the cumulative probability of a 50 basis point rate cut is 2.8%.
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After ADP's announcement, the probability of the Federal Reserve maintaining the Interest Rate in March remained unchanged.

PANews
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Before the release of ADP data, the probability of the Federal Reserve maintaining the Interest Rate unchanged in January is 95.2%.

On January 8th, according to CME's "FedWatch", the probability of the Fed maintaining the Interest Rate unchanged in January is 95.2%, the probability of a 25 basis point rate cut is 4.8%. The probability of maintaining the current Interest Rate unchanged by March is 62.8%, the cumulative probability of a 25 basis point rate cut is 35.5%, and the cumulative probability of a 50 basis point rate cut is 1.6%.
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Before the release of ADP data: the probability of a 25 basis point rate cut by the Federal Reserve in December is 74%

Jinshi data December 4th news, according to CME's "Fed Watch": The probability that the Fed will maintain the current Intrerest Rate by December is 26%, and the probability of a cumulative 25 basis point rate cut is 74%. The probability of maintaining the current Intrerest Rate by January next year is 19.9%, the probability of a cumulative 25 basis point rate cut is 62.7%, and the probability of a cumulative 50 basis point rate cut is 17.4%.
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US October wages rise slows

ADP report: Compared with the same period last year, the wages of employees on the job have fallen to 4.6%, continuing the slowing trend of the past two years. For job changers, wage growth has slowed to 6.2%.
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The number of new employees added by American companies has dropped to the lowest level since the beginning of the year.

On July 31, Jin10 data reported that the number of new employees added by U.S. companies reached the lowest level since the beginning of the year, in line with signs of softening labor demand. ADP data shows that whether changing jobs or staying in one, the speed of wage rise has dropped to its lowest level since 2021. ADP data is consistent with signs of a gradual slowdown in recruitment. In recent months, the unemployment rate has been rising, as has the number of people applying for unemployment benefits.
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After the release of ADP data, the US Dollar Index (DXY) fell 7 points in the short term and is now trading at 104.06.

Odaily Planet Daily News According to the release of ADP data in the United States, the US Dollar Index (DXY) fell 7 points in the short term and is now reported at 104.06. (Jinshi)
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ADP report: Wage rise slowed down in July

Jinshi data July 31 news, ADP report: In July, the year-on-year wage growth of stayers slowed to 4.8%, the slowest rise speed in three years. The year-on-year increase in the wages of job changers decreased significantly, from 7.7% to 7.2%.
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ADP data released before: The probability that the Federal Reserve will remain unchanged tonight is 96.9%.

Jinshi data, July 31 news, according to CME "Fed Watch": The probability of the Fed maintaining the Intrerest Rate unchanged this week is 96.9%, and the probability of a 25 basis point rate cut is 3.1%. The probability of the Fed maintaining the Intrerest Rate unchanged until September is 0%, the cumulative probability of a 25 basis point rate cut is 87.7%, the cumulative probability of a 50 basis point rate cut is 12.0%, and the cumulative probability of a 75 basis point rate cut is 0.2%.
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Analyst: ADP has almost no impact on market pricing compared to initial claims

Jinshi data news on July 3rd, so far, all the data released today should not have a significant impact on the market pricing. Labor data is slightly weaker than expected, and the initial claims for unemployment benefits exceeded expectations by 3000 people, but the decline in this number is not so great. At present, the Institute for Supply Management (ISM) in the service industry is more likely to change the situation.
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A series of recent data has heightened concerns about the momentum of US economic growth, and ADP may continue the trend of moderate data; CTA amplifies oil price fluctuations, but the range of 70/72 US dollars should be a solid support area.

Spot gold short term operation suggestions: conservatives wait and see, radicals are cautious shorting

(1) Reasons for analysis: Gaza ceasefire negotiations continue, safe-haven buying demand is temporarily suppressed, the market expects the Federal Reserve decision to send a signal of latency interest rate cuts, which is biased towards continuing to support the US dollar and U.S. Treasury yields, Unfavourable Information gold prices; after gold prices fell below the 2300 mark, the technical short signal has strengthened; however, short term still need to pay attention to the possibility of "boots landing" market. (2) Attention: US ADP employment data for April, US ISM manufacturing PMI data for April, Fed decision and Powell's press conference (3) resistance: 2293.16; 2305.01; 2315.36; (4) Supporting: 2280.00; 2267.67; 2250.75
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ING: I don't believe interest rates will only fall from now on

On Tuesday, weaker U.S. economic data pushed yields lower, with the U.S. 10-year Treasury yield near 4.10%, and they "don't believe interest rates are only going to go down from now on," ING rates strategists said. Risk sentiment remains in a bubble, they said, and central banks have been on hold recently. They said that Wednesday will give a preliminary look at the US labor market through job openings data and ADP employment data, although the latter has doubts about its ability to forecast Friday's non-farm payrolls data.
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Spot gold prices will fall (1/2) ⭐️ Watch for data Wednesday evening: A quarter past eight in the United States ADP employment for October. At half past eight o'clock, the U.S. Treasury Department announced its bond issuance plan for the first quarter. At 9:45 a.m., the final value of the U.S. Markit manufacturing PMI in October. Ten o'clock US ISM manufacturing PMI for October. Ten US JOLTS Job Vacancies for September. Ten o'clock U.S. construction spending in September. At 10:30 U.S. EIA crude oil inventories, EIA Cushing crude oil inventories, EIA strategic petroleum reserve inventories The Federal Reserve's interest rate decision was announced at half past two in the morning. At half past two in the morning, Fed Powell held a press conference. ⭐️ Technical analysis Gold prices in the chart continue to be four consecutive yin, breaking through the upper line after being blocked, and now running below the middle track, but the trend line is generally running vertically, and there is no obvious turning downward for the time being, but gold prices may begin to decline if they continue to fall, but the basic face is determined, gold prices still have a chance to reverse, and my personal opinion is currently the Bollinger band to see the range. ⭐️ Spot Gold: 1. Intraday Asian 1983-1985 bearish. 2. Asian handicap 1972-1968 bullish. 3. The strategy changes at any time according to market fluctuations. 

 (For reference only, at your own risk)
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Analyst: Safe-haven sentiment and small non-farm data jointly boost the US dollar

On October 3, according to the Jinshi data, the New Zealand dollar weakened against the US dollar in the Asian market. US President Biden said on Wednesday that the G7 is coordinating a response to the Iran's attack on Israel, including imposing new sanctions on Tehran. Analysts at a Malaysian bank said in a forex research and strategy report that investors continue to seek refuge in the US dollar and may be affected by the sanctions. The analyst said that better-than-expected US ADP data also boosted the dollar.
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Before the release of ADP and initial claims data, the probability of a 25 basis point rate cut by the Federal Reserve in September is 57%.

On September 5th, Jin Shi data reported that, according to CME's "Fed Watch", the probability of the Fed lowering interest rates by 25 basis points in September is 57.0%, and the probability of lowering interest rates by 50 basis points is 43.0%. The probability of the Fed cutting interest rates by a cumulative 50 basis points by November is 31.6%, the probability of cutting interest rates by a cumulative 75 basis points is 49.2%, and the probability of cutting interest rates by a cumulative 100 basis points is 19.2%.
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[ What to say 👀 at the first FOMC meeting in 2024 ] At the 2024/1 Fed Intrerest Rate decision-making meeting, the policy Intrerest Rate remained unchanged as expected, in the range of 5.25 ~ 5.5%. This conference conveys two main points: 📍 Timing of interest rate cuts is expected to be managed 📍 A signal that the speed of shrinkage is about to be adjusted 1) Timing of the first rate cut: There will be no rate cut in March, and expectations management will be carried out When the draft statement removes any appropriate tightening language and changes it to Intrerest Rate consider "any adjustments", a two-way risk assessment will be conducted, revealing that there is an opportunity for a precautionary rate cut as long as the slowdown in inflation continues, or if the job market unexpectedly weakens Note: The more hawkish expectation management of the Fed directly conveyed the signal that the March interest rate cut was not the basic scenario of the Fed members, and emphasized that the members need to be confident that inflation will continue to move towards the 2% target before they start to consider interest rate cuts (judging that the main purpose of the hawkish speech is to manage the market's interest rate cut expectations) 2) Balance sheet reduction speed discussion: There will be an in-depth discussion at the March meeting The monthly balance sheet reduction of 95 billion yuan has not been adjusted in any way, but from the Q&A at Powell's post-meeting press conference, he positively acknowledged that the committee members had discussed the balance sheet situation, and said that it was time to start discussing the balance sheet and the speed of the balance sheet reduction (sic: we're getting to that time where questions are beginning to come into greater focus about the pace of runoff and all that.) At the same time, Powell responded to reporters' questions, saying that he does not believe that slowing down the pace of balance sheet reduction will require seeing the ON RRP go to zero, and the details will be discussed in depth at the March meeting Under the overall easing trend, stocks and bonds are still in the best situation of synchronous allocation in the first half of the year It is also necessary to pay attention to this Friday's non-farm data, as long as there is a moderate slowdown as the small non-farm ADP monthly increase of 107,000 (the first 158,000), the fundamentals and capital will have a supporting effect on the stock market that has rebounded Track the market ✅ Follow 👍 press up #行情分析# #总经# #新闻# #利息#
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1. Monday: ①Data: Eurozone April Industrial Confidence Index, Consumer Confidence Index Final Value, Economic Sentiment Index; German April CPI Monthly Rate Initial Value; US April Dallas Fed Business Activity Index. ②Event: Domestic refined oil will start a new round of price adjustment window. ③Tokyo Stock Exchange closed. 2. Tuesday: ①Data: Japan March Unemployment Rate; China April Official Manufacturing PMI; China April Caixin Manufacturing PMI; France Q1 GDP Annual Rate Initial Value; France April CPI Monthly Rate; Switzerland April KOF Economic Leading Indicator; German April Seasonally Adjusted Unemployment Number, Unemployment Rate; German Q1 GDP Annual Rate Initial Value; UK March Bank of England Mortgage Approvals; Eurozone April CPI Annual Rate Initial Value, CPI Monthly Rate, Q1 GDP Annual Rate Initial Value; Canada February GDP Monthly Rate; US Q1 Labor Cost Index Quarterly Rate; US February FHFA House Price Index Monthly Rate; US February S&P/CS 20-City Composite Home Price Index Annual Rate; US April Chicago PMI; US April Conference Board Consumer Confidence Index. ②Closed: China Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, Shanghai Gold Exchange, no night trading due to Labor Day. ③Earnings Report: Amazon. 3. Wednesday: ①Data: US Weekly API Crude Oil Inventories, Weekly EIA Crude Oil Inventories, Weekly EIA Strategic Petroleum Reserve Inventories; UK April Nationwide House Price Index Monthly Rate; UK April Manufacturing PMI; US April ADP Employment Change; US April Markit Manufacturing PMI Final Value; US April ISM Manufacturing PMI; US March JOLTs Job Openings; US March Construction Spending Monthly Rate. ②Closed: China, China Taiwan, China Hong Kong, South Korea, France, Germany, Italy stock markets closed. 4. Thursday: ①Data: US Federal Reserve Interest Rate Decision; Switzerland April CPI Monthly Rate, Switzerland April CPI Monthly Rate; France, Germany, Eurozone April Manufacturing PMI Final Value; US April Challenger Job Cuts; US Weekly Initial Jobless Claims and US March Trade Balance; US March Factory Orders Monthly Rate; US EIA Natural Gas Stocks as of April 26. ②Event: Federal Reserve Chairman Powell holds a press conference on monetary policy. ③Closed: China Shanghai and Shenzhen Stock Exchanges, domestic futures exchanges closed; Hong Kong Stock Exchange opens as usual, southbound and northbound trading closed. ④Earnings Report: Apple, Shell. 5. Friday: ①Data: France March Industrial Production Monthly Rate; UK April Services PMI; Eurozone March Unemployment Rate; US April Unemployment Rate and Non-Farm Payrolls; US April Markit Global Services PMI Final Value; US April ISM Non-Manufacturing PMI. ②Closed: Tokyo Stock Exchange, China Shanghai and Shenzhen Stock Exchanges, domestic futures exchanges closed; Hong Kong Stock Exchange opens as usual, southbound and northbound trading closed. 6. Saturday: ①Data: US Total Oil Rigs as of May 3. ②Event: FOMC Permanent Voters, New York Fed President Williams, Fed Governor Lael Brainard speak; Berkshire Hathaway Annual Shareholders Meeting. 7. Sunday: ①Event: Saudi Aramco announces official crude oil prices around the 5th of each month.

Weak U.S. jobs report Gold prices are likely to extend their upward trend

On Tuesday, the ISM services PMI will be the highlight of the US economic report. The services PMI is expected to remain above 50 in February, highlighting the continued expansion of business activity in the services sector. In January, the price payment index in the PMI survey jumped to 64 from 56.7 in December, indicating an acceleration in input cost inflation. A similar increase in the inflation component in February could boost the US dollar and have a direct impact on gold. ADP employment changes for February and JOLTS job shorts for January, which will be released on Wednesday, will be the first employment-related data to be released this week. A change in ADP employment below 100,000 could indicate looser labor market conditions, putting pressure on the dollar. As for the JOLTS report, the number of job shorts has been fluctuation around 9 million since October. Unless there is a significant change in the data, investors may not react ahead of Friday's February jobs report.
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