Forex Week in Review - 6 August 2018

Last week was a largely negative affair for the world’s major stock markets with only the US markets making any ground.

In Europe over the course of the week, the FTSE was down on last week’s close by 0.55% at 7659.1; the Dax ended at 12616, 1.9% down on last week’s close; the CAC was down by 0.59% to end the session at 5479.

The Dow ended the week up, just, by 0.05% to close at 25463. The Nasdaq composite index was up by 0.96% over the course of the week at 7812.

The Nikkei 225 ended the week’s trading down by 0.83% to end the session at 22525.

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 $1.3022 to the Pound, a rise of 0.75% on the week. The Greenback was stronger against the Euro last week gaining 0.53% to close at $1.1599 to the Euro. The Dollar weakened against the Japanese currency closing at 111.2 Yen to the Dollar, making a gain of 0.2% during the week.

The Euro was weaker against the Yen ending at 128.9, a loss of 0.39% over the course of the week. It made ground against Sterling last week rising by 0.22%, the close saw one £ buying €1.1227.

The Euro now buys 1.1509 CHF, down by 0.68% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $73.21 per barrel, a fall of 1.45% over the course of the week’s trading. The value of gold was lower last week closing at $1212.6 per ounce, a loss of 0.79% on the week.

Dr. Mike Campbell
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.