Forex Week in Review - 22 October 2018

Last week was mixed affair for the world’s major markets. The general “correction”, if that is what it was, has ended with some markets returning to growth whilst others lost ground.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.77% at 7049.8; the Dax ended at 11554, 0.26% up on last week’s close; the CAC was down by 0.22% to end the session at 5084.7.

The Dow ended the week up by 0.41% to close at 25444. The Nasdaq composite index was down by 0.64% over the course of the week at 7449.

The Nikkei 225 ended the week’s trading down by 0.72% to end the session at 22532.

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 $1.3046 to the Pound, a rise of 0.84% on the week. The Greenback was stronger against the Euro last week risining by 0.42% to close at $1.1511 to the Euro.

The Dollar strengthened against the Japanese currency closing at 112.5 Yen to the Dollar, making a gain of 0.42% during the week.

The Euro was unchanged against the Yen ending at 129.5, a loss of 0.01% over the course of the week. It was stronger against Sterling last week, the close saw one £ buying €1.1334, a gain of 0.41% on the week.

The Euro now buys 1.1474 CHF, up by 0.11% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $79.78 per barrel, a fall of 0.81% over the course of the week’s trading. The value of gold was higher last week closing at $1226.5 per ounce, a rise of 0.58% 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.