ADP and GDP Spark USD – Video Analysis

ADP and GDP Spark USD – The dollar rallied following the firmer than consensus GDP revision, alongside a solid 237k August ADP rise that beat 185k private payroll estimate, taking EURUSD to 1.1895 lows from over 1.1920. Meanwhile Gold ticked slightly higher , on President Trump statement on Twitter. However it reverses down again and therefore targets on today’s entry were hit, with net gain at +425 pips.

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Stuart Cowell

Senior Market Analyst


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