Forex Week in Review

Last week was another positive affair for the world’s major markets with all of the majors again making gains.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.72% at 6968.3; the Dax ended at 11206, 2.9% up on last week’s close; the CAC was up by 2% to end the session at 4875.9.

The Dow ended the week up by 3% to close at 24706. The Nasdaq composite index was up by 2.7% over the course of the week at 7157.2.

The Nikkei 225 ended the week’s trading up by 1.5% to end the session at 20666.

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 $1.2897 to the Pound, a fall of 0.51% on the week. The Greenback was stronger against the Euro last week, rising by 1% to close at $1.1362 to the Euro.

The Dollar strengthened against the Japanese currency closing at 109.8 Yen to the Dollar, making a gain of 1.3% during the week.

The Euro was stronger against the Yen ending at 124.7, a gain of 0.29% over the course of the week. It was weaker against Sterling last week, the close saw one £ buying €1.1351, a loss of 1.5% on the week.

The Euro now buys 1.13106 CHF, a gain of 0.26% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $62.7 per barrel, a rise of 3.7% over the course of the week’s trading. The value of gold was lower last week closing at $1281.3 per ounce, a fall of 0.53% 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.