European Central Bank raises rates by 25 basis points
As expected, the European Central Bank raised interest rates by 25 basis points to 3.75%, and EUR/USD fell 48 pips to 1.1011. GBP/USD added 8 pips to 1.2572, and AUD/USD climbed 24 pips to 0.6693.
Later tonight, Mitrade estimates US Nonfarm Payrolls will drop to 180,000, which would indicate a cooling labor market. USD/CAD dropped 68 pips to 1.3537, and USD/JPY closed 41 pips lower at 134.17.
Spot gold gained $11.5 to $2050.2 an ounce, and WTI oil futures edged up $0.02 to $68.62 a barrel. Bitcoin advanced to $29,304.0, and Ethereum slipped to $1,898.78.
The Dow Jones Industrial Average plunged 286 points to 33,127. The S&P 500 slipped 29 points to 4,061, and the Nasdaq 100 decreased 47 points to 12,982.
Later tonight, Mitrade estimates US Nonfarm Payrolls will drop to 180,000, which would indicate a cooling labor market. USD/CAD dropped 68 pips to 1.3537, and USD/JPY closed 41 pips lower at 134.17.
Spot gold gained $11.5 to $2050.2 an ounce, and WTI oil futures edged up $0.02 to $68.62 a barrel. Bitcoin advanced to $29,304.0, and Ethereum slipped to $1,898.78.
The Dow Jones Industrial Average plunged 286 points to 33,127. The S&P 500 slipped 29 points to 4,061, and the Nasdaq 100 decreased 47 points to 12,982.
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