Forex Week in Review


Last week was a mixed positive affair for the world’s major markets with the FTSE and US markets gaining.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.73% at 7071.2; the Dax ended at 10907, 2.5% down on last week’s close; the CAC was down by 1.2% to end the session at 4961.6.

The Dow ended the week up by 0.17% to close at 25106. The Nasdaq composite index was up by 0.47% over the course of the week at 7298.2.

The Nikkei 225 ended the week’s trading down by 2.2% to end the session at 20333.

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 $1.2936 to the Pound, a rise of 1.2% on the week. The Greenback was stronger against the Euro last week, rising by 1.3% to close at $1.1328 to the Euro.

The Dollar strengthened against the Japanese currency closing at 109.8 Yen to the Dollar, making a gain of 0.19% during the week.

The Euro was weaker against the Yen ending at 124.3, a loss of 1.1% over the course of the week. It was weaker against Sterling last week, the close saw one £ buying €1.1420, a loss of 0.1% on the week.

The Euro now buys 1.1328 CHF, a loss of 0.68% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $62.1 per barrel, a fall of 1% over the course of the week’s trading. The value of gold was lower last week closing at $1313.3 per ounce, a loss of 0.31% 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.