US Nonfarm Payrolls underperform first time in 12 months
The March readings for US Nonfarm Payrolls slightly missed Mitrade's estimates at 236,000, while the unemployment rate lost 0.1% to 3.5%. Although the results ended a 12-month streak for an overachieving labor market, they still indicate a resilient US market. On Wednesday night, the year-on-year inflation rate for March is expected to slow down from 6.0% to 5.2%.
EUR/USD declined to 1.0834, then recovered to 1.0859. GBP/USD and AUD/USD both fell over 30 pips to 1.2381 and 0.6637 respectively. USD/CAD closed 6 pips lower at 1.3506, and USD/JPY surged over 140 pips to a week high of 133.60.
Spot gold dropped $15 to
1,991.35 an ounce. WTI crude futures briefly slipped below 880 to $79.74 a barrel. Bitcoin just rose past the 330,000 level to 330,331.0, and Ethereum is currently trading higher at 1,932.21.
The Dow Jones Industrial Average jumped 101 points to 33,586, and the S&P 500 edged up 4 points to 4,109. The Nasdaq 100 slid 11 points to 13,051.
EUR/USD declined to 1.0834, then recovered to 1.0859. GBP/USD and AUD/USD both fell over 30 pips to 1.2381 and 0.6637 respectively. USD/CAD closed 6 pips lower at 1.3506, and USD/JPY surged over 140 pips to a week high of 133.60.
Spot gold dropped $15 to
1,991.35 an ounce. WTI crude futures briefly slipped below 880 to $79.74 a barrel. Bitcoin just rose past the 330,000 level to 330,331.0, and Ethereum is currently trading higher at 1,932.21.The Dow Jones Industrial Average jumped 101 points to 33,586, and the S&P 500 edged up 4 points to 4,109. The Nasdaq 100 slid 11 points to 13,051.
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