Stocks Trading Flat Ahead of ADP Jobs Report |
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Besides news regarding the debt crisis in Europe, futures and Forex traders will be focusing on today’s Challenger jobs report and the ADP private sector jobs report for direction. Traders expect the ADP report to show a loss of 20,000 jobs. An amount greater than 20,000 should support the Dollar as it will indicate a weaker economy. Later in the day, the Fed releases the Beige Book of economic conditions. U.S. equity markets are trading flat to lower ahead of the job data
Filed under: Technical
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