Although, Orders to U.S. factories fell by 2.4% in July: one of the lowest in four months, the ADP National Employment report showed that U.S. private employers added 176,000 jobs in August, nearly matching market expectations for a gain over 180,000 jobs. Meanwhile, initial weekly jobless claims fell more than expected to a seasonally adjusted figure of 323,000.
On the other hand, the Institute for Supply Management's (ISM) service sector rose more than expected in August. That likewise led the European market initially in an upbeat session mode. This has weighed heavier amongst a flurry of data.Yet, market price reaction towards the news were relatively timid with prices for EURO and CABLE continued to move lower after the report. Which led the USD Index rising @82.67 basis point, that represents a 50% Fibonacci retracement level from its recent price decline coming from a low @80.75 (Aug. 20) and a previous high @84.75 (July 09).
Mix data still reinforces USD Strength
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