US ADP employment expected at 200k – Danske

FXStreet (Barcelona) - Jens Nærvig Pedersen, Senior Analyst at Danske Bank, shares that US ADP employment result today will be keenly eyed ahead of US NFP, further anticipating payrolls to print a below consensus print at 215k in April.

Key Quotes

“In the US the ADP employment report will be followed closely ahead of the job report due for release on Friday. Consensus is for an increase of 200K up from 189K in March. Compared to the job report, job creation was modest in March and we expect a rebound to 215K in April, which is slightly below consensus. Fed’s Lockhart and George will speak.”