Stock Markets Close After Jobs Data!
Market News Summary:
On Good Friday in the United States of America and Easter in Europe, there are closures in the markets, as well as early closures on other assets.
The number of non-farm payrolls is expected to decrease from 311 thousand jobs in the previous report in March to 228 thousand jobs in today’s report for April.
Dollar index (USDX)
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The US dollar rose in early European settlement as risk sentiment favoring the safe haven weakened. However, it remained near two-month lows as a cold economy signals a pause in the US Federal Reserve’s rate hike cycle.
The dollar index is now recording 101.640, up 0.1% against a basket of foreign currencies, and trading today above the two-month low of 101.140 seen during the previous session.
Please note that there is an early closure on the dollar index today at 7:15 pm Dubai time.
Pivot Point: 101.40
Resistance level | Support level |
101.75 | 101.20 |
102.05 | 100.80 |
102.65 | 100.20 |
Dow Jones Index (DJ30ft – US30)
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The Dow Jones index rose slightly by 0.01%, or the equivalent of 2.5 points, to close at 33485 points. Microsoft stock topped the list of the highest gainers after rising by 2.5%, recording its highest closing in more than 7 months.
Over the course of the week, the index rose by 0.6%, achieving gains for the third consecutive week.
Please note that there is an early closure on the Dow Jones today at 5:15 pm Dubai time.
Pivot Point: 33625
Resistance level | Support level |
33725 | 33500 |
33800 | 33200 |
34045 | 33055 |
British Pound (GBPUSD)
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The British pound fell 0.1% to $1.2450, while the euro fell 0.2% to $1.0886, after the dollar rose slightly since yesterday, as markets await the US non-farm payrolls data.
Pivot Point: 1.2445
Resistance level | Support level |
1.2470 | 1.2425 |
1.2495 | 1.2410 |
1.2515 | 1.2385 |