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What are the big banks expectations for the ADP data today

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Forecasts of major investment banks on average are about 190 000 new jobs. Commerzbank which is ranked first in recognizability expected 200 000, Jim O'Sullivan - high-frequency trader rank 2 175 000 expected, Goldman Sachs expect 200,000, BMO Capital Markets expect 170,000, Bayerische Landesbank expect 195 000 and bank of the west expect 210 000. the highest expectation among economists is worth 291 000 new jobs, and the lowest for 140 000. in general, expectations of large banks are higher than those in the calendar.

In the minutes after the announcement of new expectations increased volatility in crosses with the dollar. Better than expected data would support the dollar and vice versa, worse than expected data could impact negatively on the dollar. In recent months, a reverse reaction of the US dollar and therefore we should be careful.

Chart: Bloomberg


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