UFX Weekly Forex Currency Trading News 12-April-2015

After some upward movement the week prior, all major currency pairs took a hit before the market closed this last Friday.

The EUR/USD dropped by 0.52%, bringing the exchange down to $1.0604 for every Euro. The EUR/USD was followed by the GBP/USD with a 0.55% slip and a new rate of $1.4632.

The Greenback also lost its holding in front of the Japanese Yen, with the USD/JPY dropping by 0.30% to an exchange rate of ¥120.2200 for every US Dollar.

Another hit the USD took was in front of the Loonie, as The USD/CAD dropped by 0.10%, down to a rate of $1.2566CAD for $1.00.

Faring better at week’s end was Crude Oil. Remaining above the $50 range, West Texas Intermediate went up by 1.67%, bringing prices up to $51.64 a barrel. Brent Oil recorded a higher increase with 2.30% and a barrel price of $57.87.

Taking a note from Crude Oil was Gold. An ounce of COMEX Gold jumped up by 0.92% to a price of $1,204.60. Gold Spot also recorded an increase with a 1.07% bump and a market price of $1,207.59 an ounce.

Following the trend was Silver with a 1.27% jump in price, closing Friday at $16.38 an ounce.

Additionally, all major indices recorded positive movement before closing Friday. The DOW went up 0.55% to a value of 18,057.65, followed by the S&P 500 with a 0.52% boost up to 2,102.06, and finishing with the NASDAQ and a 0.43% jump, bringing its value up to 4,995.98.

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