ADP Non-Farm Employment Change to be Published Today

ADP Non-Farm Employment Change to be Published Today

The market participants and analysts will be carefully watching the changes in the readings of ADP Non-Farm Employment Change, which will be released today at 13:15 GMT. Since the drop in the values of the indicator that shows the monthly change in 19 manufacturing sectors of the US, will have a positive effect on the currency, the market participants who are trading in the US dollar quotes are suggested to be alert. The indicator will be disclosed by ADP.

With the release of ADP Nonfarm Employment Change, the industrial sector activity and labour market activity could be characterised. Financial experts are expecting the figures to fall from 164K to 137K, the previous figure being released on 4th Jan 2024.

Announcement of EIA Crude Oil Stocks Change

The weekly release of EIA Crude Oil Stocks Change will be made on Wednesday at 15:30 GMT and it is expected to have a decline of 6.860 M. If there is a reduction in the crude oil stocks, indicate a stronger oil demand and it will have a positive impact on the oil barrel price. The indicator that measures the number of barrels of commercial crude oil held by US companies will be disclosed by the US Energy Information Administration. Since EIA Crude Oil Stocks Change is one of the indicators that influences world oil prices, market participants who are associated with the energy sector of the market and those trading in the US dollar quotes are suggested to stay updated about the changes in the readings of the indicator.