Forex Week in Review

Forex Week in ReviewLast week was a positive affair for the world’s major markets with all stock markets gaining.

In Europe over the course of the week, the FTSE was up on last week’s close by 2.3% at 7236.7; the Dax ended at 11300, 3.6% up on last week’s close; the CAC was up by 3.9% to end the session at 5153.2.

The Dow ended the week up by 3.1% to close at 25883. The Nasdaq composite index was up by 2.4% over the course of the week at 7472.4.

The Nikkei 225 ended the week’s trading up by 2.8% to end the session at 20901.

Currency markets review

On the currency markets last week, the Dollar again enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2858 to the Pound, a rise of 0.6% on the week. The Greenback was stronger against the Euro last week, rising by 0.53% to close at $1.1269 to the Euro.

The Dollar strengthened against the Japanese currency closing at 110.6 Yen to the Dollar, making a gain of 0.73% during the week.

The Euro was stronger against the Yen ending at 124.6, a gain of 0.2% over the course of the week. It was stronger against Sterling last week, the close saw one £ buying €1.1411, a gain of 0.08% on the week.

The Euro now buys 1.1342 CHF, a gain of 0.12% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $66.25 per barrel, a rise of 6.7% over the course of the week’s trading. The value of gold was higher last week closing at $1318.8 per ounce, a rise of 0.42% 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.