Financial markets daily

In the currency market

EUR: The euro rose for a third straight day against the dollar to close at 1.1812, up 0.45%. Technically, initial upside resistance stands at 1.1867, further resistance at 1.1989, key resistance at 1.2000; Initial downside support at 1.1704, further support at 1.1602 and more critical support at 1.1576.

GBP: Sterling rose for a third straight day against the dollar to close at 1.3900, up 0.49%. Technically, initial upside resistance stands at 1.3840, further resistance at 1.3890, key resistance at 1.3930; Initial downside support at 1.3810, further support at 1.37265 and more critical support at 1.3720.

JPY: The dollar fell for the second day in a row to close at 110.16, down 0.48%. Technically, initial upside resistance stands at 111.00, further resistance at 111.45, key resistance at 111.90; Initial downside support at 110.40, further support at 109.95 and more critical support at 109.50.

The stock market

On Friday, the Labor Department reported that nonfarm payrolls rose by 916, 000 in March, beating market expectations for a gain of 675,000. The unemployment rate fell to 6% in March, as expected. The Dow and the S&P both broke through their peaks on Monday, helped by good economic data. The Dow closed up 373.98 points, or 1.13 percent, at 33,527.19, a new closing high. The S&P 500 rose 56.85 points, or 1.41 percent, to 4,076.72. The Nasdaq closed up 225.49 points, or 1.67 percent, at 13,705.59.

Commodity markets

Spot gold settled at $1,728.30 an ounce, down $1.01, or 0.06 percent, from an intraday high of $1,733.58 and a low of $1,721.09.

COMEX gold for June delivery ended up 40 cents at $1,728.80 an ounce.

Both major crude oil futures closed lower on Monday. U.S. WTI crude for May delivery fell $2.80, or 4.55 percent, to settle at $58.65 a barrel at press time, after briefly falling below its 50-day moving average. Brent crude for June delivery ended down $2.71, or 4.18 percent, at $62.15 a barrel.

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