All eyes on the U.S. ADP National Employment Report

All eyes on the U.S. ADP National Employment Report

05.05.2021

Yesterday, the three major U.S. stock indices all fell, resulting in a market environment characterized by falling stock prices, a flat U.S. dollar, and lower interest rates. Meanwhile, the fear index (VIX) has risen to 19.4, and crude oil prices have climbed to the $66.4 range. In an interview with U.S. Treasury Secretary Yellen released yesterday, she expressed the view that “interest rates are likely to rise,” which the market took negatively.

In the foreign exchange market, the USD/JPY pair fell slightly during today’s Asian trading session and is currently hovering around 109.2. However, since it remains above the 20-day moving average on the daily chart, one should avoid expecting an excessive decline. While yen crosses are showing a slight downward trend, Oceania currencies appear to be holding up well. The AUD/JPY pair is currently trading around 84.5, waiting for an opportunity to rise again.

Today’s schedule includes the French Services PMI (final reading) at 4:50 PM, the German Services PMI (final reading) at 4:55 PM, the Eurozone Producer Price Index at 6:00 PM, the U.S. MBA Mortgage Applications Index at 8:00 PM, the U.S. ADP National Employment Report at 9:15 PM, and remarks by U.S. Federal Reserve Bank of Chicago President Evans at 10:30 PM:Chicago Fed President Evans, 10:45 PM US Services PMI (final reading), 11:00 PM US ISM Non-Manufacturing PMI, 11:30 PM US Weekly Crude Oil Inventories, and 4:00 AM US Evans: Chicago Fed President’s remarks. I plan to keep a close eye on the release of US economic indicators and monitor price movements closely.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?