Forex Week in Review

Last week saw all of the world’s major stock markets regaining some of the ground lost recently with all of the major markets rising.

In Europe over the course of the week, the FTSE was up on last week’s close by 2.9% at 7294.7; the Dax ended at 12452, 2.9% up on last week’s close; the CAC was up by 4% to end the session at 5281.6.

The Dow ended the week up by 4.3% to close at 25219. The Nasdaq composite index was up by 5.3% over the course of the week at 7239.5.

The Nikkei 225 ended the week’s trading up by 1.6% to end the session at 21720.

Currency markets review

On the currency markets last week, the Yen again enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.4028 to the Pound, a loss of 1.7% on the week. The Greenback weakened against the Euro last week by 1.5% to close at $1.2413 to the Euro. The Dollar weakened against the Japanese currency closing at 106.2 Yen to the Dollar, making a loss of 2.1% during the week.

The Euro was weaker against the Yen ending at 131.8, a loss of 0.68% over the course of the week. It lost ground against Sterling last week falling by 0.15%, the close saw one £ buying €1.1296.

The Euro now buys 1.1517 CHF, a gain of 0.26% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $64.84 per barrel, a rise of 3.3% over the course of the week’s trading. The value of gold rose last week closing at $1347.7 per ounce, a gain of 2.5% 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.