Forex Week in Review – 23 April 2018

Forex Week in Review – 23 April 2018

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

In Europe over the course of the week, the FTSE was up on last week’s close by 1.4% at 7368.2; the Dax ended at 12541, 0.8% up on last week’s close; the CAC was up by 1.8% to end the session at 5412.8.

The Dow ended the week up by 0.42% to close at 24463. The Nasdaq composite index was up by 0.56% over the course of the week at 7146.1.

The Nikkei 225 ended the week’s trading up by 1.8% to end the session at 22162.

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 $1.4032 to the Pound, a gain of 1.6% on the week. The Greenback strengthened against the Euro last week by 0.31% to close at $1.2285 to the Euro. The Dollar strengthened against the Japanese currency closing at 107.6 Yen to the Dollar, making a gain of 0.07% during the week.

The Euro was weaker against the Yen ending at 132.2 a loss of 0.23% over the course of the week. It made ground against Sterling last week rising by 1.3%, the close saw one £ buying €1.1422.

The Euro now buys 1.1967 CHF, a rise of 0.85% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $74.06 per barrel, a rise of 2% over the course of the week’s trading. The value of gold fell last week closing at $1336.2 per ounce, a loss of 0.62% on the week.

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