Forex Week in Review

Forex Week in Review

Last week was a positive affair for the world’s major stock markets with all of the major markets gaining ground.

In Europe over the course of the week, the FTSE was up on last week’s close by 2.2% at 7224.5; the Dax ended at 12347, 3.6% up on last week’s close; the CAC was up by 2.7% to end the session at 5274.4.

The Dow ended the week up by 3.3% to close at 25336. The Nasdaq composite index was up by 4.2% over the course of the week at 7560.8.

The Nikkei 225 ended the week’s trading up by 1.4% to end the session at 21469.

Currency markets review

On the currency markets last week, Sterling enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3863 to the Pound, a loss of 0.67% on the week. The Greenback weakened against the Euro last week by 0.09% to close at $1.2326 to the Euro. The Dollar strengthened against the Japanese currency closing at 106.7 Yen to the Dollar, making a gain of 1.1% during the week.

The Euro was stronger against the Yen ending at 131.6, a gain of 1.5% over the course of the week. It lost ground against Sterling last week faling by 0.58%, the close saw one £ buying €1.1246.

The Euro now buys 1.1701 CHF, a gain of 1.7% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $65.49 per barrel, a rise of 1.7% over the course of the week’s trading. The value of gold climbed last week closing at $1321.5 per ounce, a gain of 0.2% on the week and over the month.

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