Forex Week in Review


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

In Europe over the course of the week, the FTSE was up on last week’s close by 3.1% at 7020.2; the Dax ended at 11181, 0.9% down on last week’s close; the CAC was up by 1.9% to end the session at 5019.3.

The Dow ended the week up by 1.3% to close at 25064. The Nasdaq composite index was up by 1.4% over the course of the week at 7263.9.

The Nikkei 225 ended the week’s trading up, just, by 0.07% to end the session at 20788.

Currency markets review

On the currency markets last week, the Euro enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.3089 to the Pound, a rise of 0.62% on the week. The Greenback was weaker against the Euro last week, falling by 0.57% to close at $1.1473 to the Euro.

The Dollar weakened, just, against the Japanese currency closing at 109.5 Yen to the Dollar, making a loss of 0.05% during the week.

The Euro was stronger against the Yen ending at 125.7, a gain of 0.54% over the course of the week. It was stronger against Sterling last week, the close saw one £ buying €1.1409, a gain of 1.2% on the week.

The Euro now buys 1.1405 CHF, a gain of 0.69% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $62.75 per barrel, a rise of 1.8% over the course of the week’s trading. The value of gold was higher last week closing at $1317.4 per ounce, a rise of 3% 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.