Nonfarm Payrolls rebound surprised investors
US Nonfarm Payrolls in April reached 253,000, significantly exceeding Mitrade's estimates of 180,000. Meanwhile, the US unemployment rate slipped to a 53-year-low of 3.4%, which continues to indicate resilience in the labor market under continuous rate hikes.
The USD/CAD pair plunged 164 pips to 1.3373, and USD/JPY rose 66 pips to 134.83. EUR/USD moved up 6 pips to 1.1017. GBP/USD gained 69 pips to 1.2641, and AUD/USD added 55 pips to 0.6748.
Spot gold declined $32 to $2,017.56 an ounce, and WTI oil futures climbed $3 to $71.34 a barrel. Bitcoin slipped to $28,795.0, and Ethereum advanced to $1,908.00.
The Nasdaq 100 closed 276 points higher at 13,259. The Dow Jones Industrial Average surged 546 points to 33,674, and the S&P 500 climbed 75 points to 4,136.
The USD/CAD pair plunged 164 pips to 1.3373, and USD/JPY rose 66 pips to 134.83. EUR/USD moved up 6 pips to 1.1017. GBP/USD gained 69 pips to 1.2641, and AUD/USD added 55 pips to 0.6748.
Spot gold declined $32 to $2,017.56 an ounce, and WTI oil futures climbed $3 to $71.34 a barrel. Bitcoin slipped to $28,795.0, and Ethereum advanced to $1,908.00.
The Nasdaq 100 closed 276 points higher at 13,259. The Dow Jones Industrial Average surged 546 points to 33,674, and the S&P 500 climbed 75 points to 4,136.