Forex Week in Review

Wednesday, 27 December 2017 9:36

By: DailyForex.com

Last week was a largely positive affair for the world’s major markets with only the Dax losing any ground.

In Europe over the course of the week, the FTSE was up on last week’s close by 1.4% at 7592.7; the Dax ended at 13073, 0.24% down on last week’s close; the CAC was up by 0.29% to end the session at 5364.7.

The Dow ended the week up by 0.41% to close at 24754. The Nasdaq composite index was up by 0.34% over the course of the week at 6960.

The Nikkei 225 ended the week’s trading up by 1.6% to end the session at 22903.

Currency Markets Review 

On the currency markets last week, the Euro enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3378 to the Pound, a fall of 0.48% on the week. The Greenback weakened against the Euro last week by 0.51% to close at $1.1839 to the Euro. The Dollar strengthened against the Japanese currency closing at 113.3 Yen to the Dollar, making a gain of 0.55% during the week.

The Euro was stronger against the Yen ending at 134.2, a gain of 1.1% over the course of the week. It made ground against Sterling last week, just, rising by 0.03%, the close saw one £ buying €1.1300.

The Euro now buys 1.172 CHF, a gain of 0.47% on the week.

Commodities Market Review 

On the commodities market, the price for Brent crude ended at $65.04 per barrel, a rise of 2.9% over the course of the week’s trading. The value of gold rose last week closing at $1275 per ounce, a gain of 1.5%.

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.

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