ADP Non-Farm Payroll Employment Rise 119k, Greenback seen Rising - 2.5.2012

ADP Non-Farm estimate on private sector payrolls rose by 119,000 on April, the growth pace decreased compared to the March ADP Non-Farm Employment which was increased by 201,000, revised from prior estimate at 209,000. Investors are watching the Automatic Data Processing payrolls for some guidance on the official government data that are to release on Friday. On Friday the U.S Labor department is expected to report that the Non-Farm Payroll employment rose by 176,000.

The US dollar is trading stronger against the Swiss franc on Wednesday the 2nd of May. The currency pair found resistance at the 0.9157 level for the time being advancing from the 0.9043 support level at the beginning of May. In the last trading hours USD versus the CHF have rewarded 0.6 per cent gains to the bulls.