News To Keep in Mind During U.S. Session: U.S. ADP Job Results, U.S. ISM Manufacturing PMI Data & Fed Chair Powell’s Testimony Day 02; Dec 01, 2021

News To Keep in Mind During U.S. Session: U.S. ADP Job Results, U.S. ISM Manufacturing PMI Data & Fed Chair Powell’s Testimony Day 02

Another Hectic U.S. Session is here. U.S. will release ADP Job Results at 1315 GMT/1845 IST and thereafter U.S. Fed Chair Powell’s Testimony Day 02 along with ISM Manufactruing PMI results scheduled at 1500 GMT/2030 IST.

As today is the second day of the Testimony, more insight views on U.S. Economy are likely to discuss by Powell and yellen both. Here again a text version is made available on the Fed’s website at the start, thus likely bring early volatility on specific hint on interst rate, New Omicron Variant spread or Tapering. Be careful on Powell’s statements and decide the further directions of the U.S. dollar.

ADP Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. Here ADP analyzes payroll data from more than 23 million workers to derive employment growth estimations. While ISM Manufacturing PMI data is derived via a survey of about 300 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

Let’s see how Gold has reacted during the previous data reelase:

November Results:

October Results:

Technical View:

XAU/USD (Gold):

  • Gold recovers slightly from previous losses and remains well supported around $1,780 mark.
  • Today pair made intraday high at $1,794 and low at $1,772 mark.
  • A day chart and H1 chart with triple EMA suggests down trend for the time being.
  • A sustained close above $1,790 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $1,771 will check further supports.
$1,771 $1,794
$1,764 $1,799
$1,758 $1,804
$1,752 $1,809
$1,747 $1,814

Take a look and do trade wisely!
Good Luck

Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts



Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Mail us

Drop mail at:

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Limited is registered and regulated by FINANCIAL SERVICES COMMISSION (FSC) MAURITIUS with a registration number GB21026474

TP Global FX Limited is registered and regulated by Financial Services Commission, Mauritius with a registration number GB21026474

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

mappin at-sign phone close