EUR/USD Daily Video, October 02, 2013

[Sive Morten]

Good morning,
probably we stand at the eve of expanding stage on daily chart, thus, tomorrow we will get either bullish stop grabber or bearish DRPO pattern:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Brett Reynolds]

So what are the ADP Non farm employment numbers then? They certainly got published today? I could never understand 'why' they had these two different ones during same week! This one is supposed to only 3*! NFP on friday is 5* but you say it won't happen because of 'shutdown'!??

 

[Sive Morten]

So what are the ADP Non farm employment numbers then? They certainly got published today? I could never understand 'why' they had these two different ones during same week! This one is supposed to only 3*! NFP on friday is 5* but you say it won't happen because of 'shutdown'!??

ADP is calculated by private agency, not government entity and they calculate employment only in private sector.
NFP is a government numbers.

 

[Brett Reynolds]

Oh..OK. Tks. Well...still can be significant...judging by yesterdays move. Quite a Big drop from expected to actual numbers. So..still no NFP tomorrow then? A bit hard for me to keep up with news now..as i've just moved to Australia and all my 'times' are messed up and no decent news channel at moment!