Forex Week in Review - 15 January 2018

Last week was a mixed affair for the world’s major stock markets with the Dax and Nikkei slipping back.

In Europe over the course of the week, the FTSE was up on last week’s close by 0. 7% at 7778.6; the Dax ended at 13245, 0.56% down on last week’s close; the CAC was up by 0.85% to end the session at 5517.1.

The Dow ended the week up by 2% to close at 25803. The Nasdaq composite index was up by 1.7% over the course of the week at 7261.1.

The Nikkei 225 ended the week’s trading down by 0.25% to end the session at 23654.

Currency markets review

On the currency markets last week, the Yen enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.369 to the Pound, a fall of 0.94% on the week. The Greenback weakened against the Euro last week by 0.77% to close at $1.1213 to the Euro. The Dollar weakened against the Japanese currency closing at 111.2 Yen to the Dollar, making a loss of 1.7% during the week.

The Euro was weaker against the Yen ending at 134.9, a loss of 0.99% over the course of the week. It lost ground against Sterling last week falling by 0.17%, the close saw one £ buying €1.1284.

The Euro now buys 1.1782 CHF, a gain of 0.37% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $69.87 per barrel, a rise of 3.3% over the course of the week’s trading. The value of gold rose last week closing at $1338.2 per ounce, a gain of 1.4% on the week.

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.