Forex Week in Review

Monday, 16 April 2018 9:52

By: DailyForex.com

Last week was a positive affair for the world’s major stock markets with all gaining ground.

In Europe over the course of the week, the FTSE was up on last week’s close by 1.1% at 7264.6; the Dax ended at 12442, 1.6% up on last week’s close; the CAC was up by 1.1% to end the session at 5315.

The Dow ended the week up by 1.8% to close at 24360. The Nasdaq composite index was up by 2.8% over the course of the week at 7106.7.

The Nikkei 225 ended the week’s trading up by 0.98% to end the session at 21779.

Currency Markets Review 

On the currency markets last week, Sterling again enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.4257 to the Pound, a loss of 1.2% on the week. The Greenback weakened against the Euro last week by 0.38% to close at $1.2323 to the Euro. The Dollar strengthened against the Japanese currency closing at 107.5 Yen to the Dollar, making a gain of 0.44% during the week.

The Euro was stronger against the Yen ending at 132.5 a gain of 1.1% over the course of the week. It lost ground against Sterling last week falling by 0.79%, the close saw one £ buying €1.1569.

The Euro now buys 1.1867 CHF, a rise of 0.66% on the week.

Commodities Market Review 

On the commodities market, the price for Brent crude ended at $72.58 per barrel, a rise of 8.2% over the course of the week’s trading. The value of gold rose last week closing at $1344.6 per ounce, a gain of 0.93% 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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