The EUR/USD pair went up slightly by 0.10%, closing the week at 1.0728. The GBP/USD pair also had a small increase of 0.03%, closing the week at 1.2817 exchange rate. OPEC recently made statements of its intent to cut global supplies, while US oil production has increased to its highest level since August 2015. Prices have gone down to under $50 a barrel, sparking investor interest in higher oil trading. Gold was up as of last week’s market close, increasing by 0.41%, and closing at $1,289.10. Crude Oil dropped by 2.15%, closing at $49.62 a barrel.
The French public heads to the polls today, in what promises to be a historic change to the European government. The four candidates each have vastly different views on how to improve France’s standing in the international community. Whatever the outcome, it is likely to affect the Euro against some of the other major currencies in the market. The Dow Jones ended the week down by 0.15%, closing at a value of 20,547.76. The S&P 500 dropped by 0.30%, closing at a value of 2,348.69. And lastly, the NASDAQ decreased by 0.11%, ending the week at a value point of 5,910.52.
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