No surprises from the ADP NFP. The US gained 182K private jobs. The downside is the downwards revision for September: a gain of 190K jobs instead of 200K originally reported. However, this was not totally unexpected given the official NFP for September.
The USD is stronger after the publication with EUR/USD sliding towards the lows. GBP/USD slips under 1.54 and NZD/USD is challenging support at 0.6615.
More: EUR/USD – 1.08 key for parity, AUD/USD divergence trade
The jobs report from Automated Data Processing  (ADP) was expected to show a gain of 180K private sector jobs in October. The publication serves as an indicator towards Friday’s official Non Farm Payrolls report from the BLS.
Towards the event, EUR/USD traded around 1.0935, GBP/USD at 1.5410, USD/JPY at 121.20, USD/cAD around 1.3065, AUD/USD at 0.7187 and NZD/USD around 0.6632.
So far this week, US data disappointed. The ISM manufacturing PMIÂ was OK in the headline but showed a loss of jobs. Also factory orders were poor.
We later have the ISM Non-Manufacturing PMI, another hint for the NFP, and perhaps a more important one. In addition, Janet Yellen will testify in Washington.
More: EUR/USD depressed – All eyes on Yellen
