FXStreet (San Francisco) - The day before the super Thursday the US Dollar recovered ground against almost major competitors except the Sterling. Earlier in the day, the ADP data showed the biggest monthly increase in private jobs since December 2012 forcing experts to revise up their previsions on Non farm payrolls.

Data pushed the EUR/USD to extend its 1.3700 rejection while the GBP/USD advanced for fifth day and the USD/JPY for second straight day.

"Expectations for a firm employment report rose on Wednesday after the ADP report blew away expectations," Jamie Coleman commented in a recent note. "The dollar rose against most majors with the exception of the pound which responded to a huge rise in UK home prices."

The EUR/USD declined for second day to test the 1.3640 level. Currently, EUR/USD is trading at 1.3657, down 0.16% on the day, having posted a daily high at 1.3683 and low at 1.3642.

The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish. "Ahead of the news, critical levels to watch are recent highs of 1.3700 to the upside and 1.3570 to the downside, as a break of any extreme should lead to a continued move," points out Valeria Bednarik from FXStreet.

The GBP/USD advanced for fifth day to trade at 1.7180. Since June 25's lows of 1.6950, the Sterling rose 220 pips in less than a week. Currently, GBP/USD is trading at 1.7166, up 0.10% on the day; the hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.

The USD/JPY continued to extend its bounce from July 1's low of 101.20 and the pair traded as high as 101.85 on Wednesday. Currently, USD/JPY is trading at 101.78, up 0.25% on the day; The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.

Main headlines in the American session

US: ADP Employment Change (Jun) rose to 281K

ISM New York 60.5 vs 55.3 prior

United States Factory Orders (MoM) came in at -0.5%, below expectations (-0.3%) in May

US stocks closed mixed but Dow and S&P at record highs

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