Facebook will probably face intense public criticism

Daily Analysis - 18/04/2019

Social network platform Facebook exposed 1.5 million emails


On Wednesday, Facebook one of the most popular Social network platform announced that “unintentionally uploaded” and exposed the emails of approximately 1.5 million users. The upload took place having no permission from the uses.

Now according to experts, the affected users are not only in the United States. A company representative reported

“We’ve fixed the underlying issue and are notifying people whose contacts were imported. People can also review and manage contacts they share with Facebook in their settings”.

EUR is waiting for PMI

On Thursday the EUR were strong following the Chinese data that revealed an improvement in the viewpoint for the global economy. Now the market is waiting for the next to European indicators to support the currency with a further increase. The euro was steady at $1.1290, giving back some profits of approximately 0.1% in the previous trading session.


Oil falls from its five-month high

On Wednesday, Brent crude futures dropped 20 cents at $71.41 a barrel from their last conclusion. U.S. West Texas Intermediate (WTI) fell 7 cents, at $63.68 per barrel from their previous close while WTI finished the last trading session below about 0.5%. Brent dropped 0.1% after briefly reaching its biggest level since late 2018 at $72.26 a barrel.


Gold is declining

On Thursday the popular precious metal Gold declined to its weakest level since late 2018. The decline probably happened due to evidence that the global economy is not that weak that some experts feared, and that fact gave support to investors risk appetite before important economic data releases. Spot gold dropped 0.1% to $1,271.96 per ounce while the U.S. gold futures lost 0.2% to $1,274.49 an ounce.


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