Forex Week in Review

Last week was a largely positive affair for the world’s major stock markets with all of the major markets rising except the FTSE.

In Europe over the course of the week, the FTSE was down on last week’s close by 0.69% at 7244.4; the Dax ended at 12484, 0.26% up on last week’s close; the CAC was up by 0.68% to end the session at 5317.4.

The Dow ended the week up by 0.36% to close at 25310. The Nasdaq composite index was up by 1.4% over the course of the week at 7337.4.

The Nikkei 225 ended the week’s trading up by 0.8% to end the session at 21893.

Currency markets review

On the currency markets last week, the Dollar enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.3983 to the Pound, a gain of 0.32% on the week. The Greenback strengthened against the Euro last week by 0.89% to close at $1.2302 to the Euro. The Dollar strengthened against the Japanese currency closing at 106.7 Yen to the Dollar, making a gain of 0.47% during the week.

The Euro was weaker against the Yen ending at 131.2, a loss of 0.46% over the course of the week. It lost ground against Sterling last week falling by 0.62%, the close saw one £ buying €1.1367.

The Euro now buys 1.1503 CHF, a loss of 0.12% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $67.31 per barrel, a rise of 3.8% over the course of the week’s trading. The value of gold slipped last week closing at $1329.8 per ounce, a loss of 1.3% 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.