UFXWeekly Forex Currency Trading News 18-March-2018
Wishing you a successful trading week!
The EUR/USD fell by -0.12%, closing at $1.2290.
The GBP/USD increased by +0.04%, closing the week at a £1.3942 exchange rate.
Facebook Inc. is facing new requests for privacy regulation after it was reported by the New York Times that the company made it possible for an outside firm to access personal details of over 50 million users. Cambridge Analytica, the data analytics firm that aided Donald Trump to become president, gathered unethical user data for about 50 million people without permission. The information included users’ locations, status updates, interests, photos, as well as check-ins.
Gold decreased by -0.42% as of last week’s market close, closing at $1,312.30. Crude Oil rose by +1.88%, closing at $62.34 a barrel.
The value of major crytpocurrencies experienced a fall of over $60 billion on Thursday. Analysts believe that the fall could be the effect of the tougher regulations being pushed by the U.S. and the U.K. Also, Google, one the most successful digital advertisers, announced it was suspending cryptocurrency-related advertising, as well as ewallets, initial coin offerings, and trading advice.
The Dow Jones ended the week with an increase of +0.29%, closing at a value of 24,946.51. The S&P 500 rose by +0.17%, closing at a value of 2,752.01. And lastly, the NASDAQ retained its value, ending the week at a value point of 7,481.99.