Forex trading news and economic data headlines for August 5, 2015
The North American session had ADP and Non Manufacturing ISM data as the chief fundamental catalysts for the market’s action during the NY session. The ADP employment change estimate came out weaker than expectations at 185K va 215K exp. The miss sent the dollar lower. Later non-manufacturing ISM was stronger with a higher employment component. That component came in at 59.6 which was the highest since August 2005 and helped negate the unreliable ADP release. The greenback reversed directions.
ForexLive Americas wrap: Weaker ADP/Stronger Non Mfg ISM keep traders cautious
