Forex Week in Review

Monday, 22 January 2018 14:00

Last week was a positive affair for the world’s major stock markets with only the FTSE losing ground.

In Europe over the course of the week, the FTSE was down on last week’s close by 0. 62% at 7730.8; the Dax ended at 13434, 1.4% up on last week’s close; the CAC was up by 0.17% to end the session at 5526.5.

The Dow ended the week up by 1% to close at 26072. The Nasdaq composite index was up by 1% over the course of the week at 7336.4.

The Nikkei 225 ended the week’s trading up by 0.65% to end the session at 23808.

Currency markets review

On the currency markets last week, Sterling enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3853 to the Pound, a fall of 1.2% on the week. The Greenback weakened against the Euro last week by 0.86% to close at $1.2237 to the Euro. The Dollar weakened against the Japanese currency closing at 110.6 Yen to the Dollar, making a loss of 0.54% during the week.

The Euro was stronger against the Yen ending at 135.3, a gain of 0.29% over the course of the week. It lost ground against Sterling last week falling by 0.33%, the close saw one £ buying €1.1321.

The Euro now buys 1.1767 CHF, a loss of 0.15% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $68.61 per barrel, a fall of 1.8% over the course of the week’s trading. The value of gold fell last week closing at $1333 per ounce, a fall of 0.39% on the week.

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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