Forex Week in Review

Monday, 14 May 2018 9:57

Last week was a positive affair for the world’s major stock markets with all the major markets closing above the previous week’s mark.

In Europe over the course of the week, the FTSE was up on last week’s close by 2.1% at 7724.6; the Dax ended at 13001, 1.4% up on last week’s close; the CAC was up by 0.47% to end the session at 5541.9.

The Dow ended the week up by 2.3% to close at 24831. The Nasdaq composite index was up by 2.7% over the course of the week at 7402.9.

The Nikkei 225 ended the week’s trading up by 1.3% to end the session at 22758.

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 $1.3556 to the Pound, a loss of 0.16% on the week. The Greenback was essentially unchanged against the Euro last week falling by 0.01% to close at $1.1949 to the Euro. The Dollar strengthened against the Japanese currency closing at 109.3 Yen to the Dollar, making a gain of 0.11% during the week.

The Euro was stronger against the Yen ending at 130.6, a gain of 0.12% over the course of the week. It lost ground against Sterling last week falling by 0.14%, the close saw one £ buying €1.1345.

The Euro now buys 1.1948 CHF, down by 0.04% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $77.12 per barrel, a rise of 3% over the course of the week’s trading. The value of gold rose last week closing at $1319 per ounce, a rise of 0.63% 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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