Forex Week in Review


Last week was yet another positive affair for the world’s major stock markets.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.84% at 7407.5; the Dax ended at 12340, 2% up on last week’s close; the CAC was up by 3% to end the session at 5528.3.

Forex Week in ReviewThe Dow ended the week up by 2.4% to close at 26719. The Nasdaq composite index was up by 3% over the course of the week at 8031.7.

The Nikkei 225 ended the week’s trading up by 0.67% to end the session at 21259.

Currency markets review

On the currency markets last week, the Euro enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.2700 to the Pound, a loss of 0.81% on the week. The Greenback was weaker against the Euro last week, falling by 1% to close at $1.1328 to the Euro.

The Dollar weakened against the Japanese currency closing at 107.5 Yen to the Dollar, making a loss of 0.83% during the week.

The Euro was stronger against the Yen ending at 121.8, a gain of 0.18% over the course of the week. It was stronger against Sterling last week, the close saw one £ buying €1.1211, a gain of 0.19% on the week.

The Euro now buys 1.1091 CHF, a loss of 1% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $65.2 per barrel, a rise of 5.1% over the course of the week’s trading. The value of gold was higher last week closing at $1399.3 per ounce, a gain of 4.4%

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.