High US Initial Jobless Claims readings caused market jitters
The US initial jobless claims rose to 211,000, higher than the expected figure of 195,000. Investors then worry about February’s Nonfarm Payrolls report, which will be released later today with Mitrade estimating a reading of 205,000. USD/CAD added 23 pips to 1.3827, and USD/JPY dropped 120 pips to 136.14.
As UK GDP is expected to grow by 0.1% in the month, GBP/USD gained 83 pips to 1.1925. EUR/USD increased 36 pips to 1.0580, and AUD/USD rose 4 pips to 0.6590. Spot gold climbed $17 to $1,830.88 an ounce, and WTI oil futures slid $0.94 to $75.72 a barrel.
After Silvergate announced plans for “Voluntary Liquidation” were disclosed, its stock price plunged 42.16%, and Bitcoin and Ethereum plummeted to $19,892.0 and $1,418.36 respectively.
The stock market ended lower. The S&P 500 declined 73 points (-1.85%) to 3,918. The Nasdaq 100 dropped 219 points (-1.80%) to 11,995, and the Dow Jones Industrial Average lost 543 points (-1.66%) to 32,254.
As UK GDP is expected to grow by 0.1% in the month, GBP/USD gained 83 pips to 1.1925. EUR/USD increased 36 pips to 1.0580, and AUD/USD rose 4 pips to 0.6590. Spot gold climbed $17 to $1,830.88 an ounce, and WTI oil futures slid $0.94 to $75.72 a barrel.
After Silvergate announced plans for “Voluntary Liquidation” were disclosed, its stock price plunged 42.16%, and Bitcoin and Ethereum plummeted to $19,892.0 and $1,418.36 respectively.
The stock market ended lower. The S&P 500 declined 73 points (-1.85%) to 3,918. The Nasdaq 100 dropped 219 points (-1.80%) to 11,995, and the Dow Jones Industrial Average lost 543 points (-1.66%) to 32,254.