The private sector continues to demonstrate growth in the labor market, as reflected in the ADP National Employment Report for March. The report shows an increase of 145,000 jobs, a positive change for the economy. What’s more, the annual pay of employees has increased by 6.9 percent year-over-year. The ADP Research Institute and the Stanford Digital Economy Lab worked together to aggregate and analyze payroll data from over 25 million U.S. employees, which provides a representative picture of the current state of the labor market. This report showcases the labor market’s overall health, and provides valuable insights to businesses and individuals alike. ADP’s unique pay measure captures crucial information and helps track the progress of the workforce. More info
According to the latest Services ISM® Report On Business®, the services sector in the nation has experienced an economic expansion for the third consecutive month in March. The Services PMI® registered 51.2 percent, indicating growth in 33 of the last 34 months, with only December experiencing a contraction. However, this month’s figure is 3.9 percentage points lower than February’s reading of 55.1 percent. More info
Market projections for thrusday 06th
EURUSD sellers preferred. Below 1.09 sellers only. Sell at 1.0885 to TP 1.0870. Then sell at 1.0860 to TP 1.0850
Attention to possible buyers at 1.0850
GBPUSD sellers preferred. below 1.2450 sell to TP 1.2440. Then below 1.2430 sell to TP 1.2420.
Attention to possible buyer around 1.24
USDCAD buyers above 1.3450 to 1.3470. Then buyers at 1.3480 to 1.3490. Then wait confirmation above 1.35 to 1.3520 levels. Above lows is preferred buyers.
XAUUSD sellers at 2020. to TP 2010.0. THEN only short below 2000.0 to 1990.0. Ideally wait confirmation below 2000.0 for short strategies
XAGUSD sellers at 24.80 to TP 24.70. THEN only short below 24.50 to 24.30 levels. Ideally wait confirmation to short below 24.50
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