Forex Week in Review- July 7, 2014

Last week saw all of the world’s major markets making ground with the Dow and the Dax setting new heighs.

In Europe over the course of the week, the FTSE was up by 1.6%, it closed at 6866.1; the Dax ended at 10009.1, up by 2% on last week’s close; the CAC was up by 0.72% to end the session at 4469.

The Dow ended the week up by 1.3% to close at 17068. The Nasdaq composite index ended up by 2% over the course of the week at 4485.9.

The Nikkei 225 ended the week’s trading up by 2.3% to end the session at 15437.

Currency Markets Review

On the currency markets last week, Sterling saw the best of the trading. The Dollar was weaker against Sterling last week, closing at $1.7167 to the Pound; a fall of 0.88% over the week. The Greenback strengthened against the Euro last week by 0.72% to close at $1.3601 to the €. The Dollar was stronger against the Japanese currency, closing at 102.1 Yen to the Dollar, making a gain of 0.66% during the week.

The Euro strengthened against the Yen ending at 138.8, a gain of 0.45% over the course of the week. It lost ground against Sterling last week falling by 1.1%; the close saw one £ buying €1.2621.

Commodities Market Review

On the commodities market, the price for Brent crude ended lower at $110.6 per barrel (for August delivery), a fall of 2.4% over the course of the week’s trading. The value of gold was higher last week, closing at $1319.3 per ounce, a gain of 0.13%.

Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.