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
80
to $79.74 a barrel. Bitcoin just rose past the
30
,000 level to
30
,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
80
to $79.74 a barrel. Bitcoin just rose past the
30
,000 level to
30
,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.