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Forex Week in Review- April 28, 2014

By Dr. Mike Campbell
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.

Friday marked the final trading session for April for the purposes of these summaries.

In Europe over the course of the week, the FTSE was up by 0.91%, it closed at 6685.7, but ended the month down by 0.15%; the Dax ended at 9401.6, down by 0.09% on last week’s close and fell by 3% over the month; the CAC was up by 0.27% to end the session at 4443.6, but it slipped by 0.9% over the course of April.

The Dow ended the week down by 2.3% to close at 16027, it lost 2.4% of its value in April. The Nasdaq composite index ended down by 0.49% over the course of the week at 4075.6, it lost 1.3% over the month.

The Nikkei 225 ended the week’s trading down by 0.6% to end the session at 14429, it lost 4.2% during April.

Currency Markets Review

On the currency markets last week, the Yen saw the best of the trading. The Dollar was weaker against Sterling last week, closing at $1.6807 to the Pound; a loss of 0.12% over the week and 1.3% over the month. The Greenback weakened against the Euro last week by 0.17% to close at $1.3836 to the € and 1% over the course of April. The Dollar was weaker against the Japanese currency, closing at 102.1 Yen to the Dollar, making a loss of 0.29% during the week and slipping by 1.2% on the month.

The Euro weakened against the Yen ending at 141.3, a loss of 0.12% over the course of the week and slipping by 0.25% during April. It made ground marginally against Sterling last week rising by 0.07%; the close saw one £ buying €1.2147, but it ended the month worth 0.33% less.

Commodities Market Review

On the commodities market, the price for Brent crude ended higher at $109.6 per barrel (for June delivery); a rise of 0.05% over the course of the week’s trading and 2.7% on the month. The value of gold was higher last week, closing at $1301 per ounce, representing a gain of 0.17% over the previous week’s value and 0.3% during April.

Dr. Mike Campbell
About Dr. Mike Campbell
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.
 

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