The markets had a good week as the US indices all appreciated during the week and more importantly closed the week out very positive for investors. The Nasdaq and S&P both making new all-time highs while the Dow is trading close to its all-time high levels. European indices remain a bit lacklustre as both the Dax and FTSE remain ranging as no significant direction has been taken.
The precious metals had a very good week as both Gold and Silver recovered substantially following the recent selloff that we got from last month’s strong unemployment figures. With the unemployment figure set to be released on Friday, it would be very interesting to see if gold can break through $1832 to continue its recovery or slide lower.
The cryptocurrencies remain stable following a good open to the month as Bitcoin trades around $48 000 and Ethereum holding above $3000.
As we wait for the European markets to open up, the Euro is the strongest currency. The commodity currencies came off the worst as the Australian, New Zealand and Canadian dollar are currently the weakest currencies.
All eyes will be on the unemployment figures due to be released on Friday out of the US.