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Forex Week in Review- June 30, 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.

Last Friday marked the end of the week, month and quarter from the perspective of these summaries.

In Europe over the course of the week, the FTSE was down by 0.99%, it closed at 6757.8, losing 1.5% in June, but strengthening by 0.93 in Q2; the Dax ended at 9815.2, down by 1.72% on last week’s close and over the month, but it strengthened by1.2% on the quarter; the CAC was down by 2.3% to end the session at 4437, it lost 3.2% in June and ended the quarter down by 1.1%.

The Dow ended the week down by 1.7% to close at 16852, it shed 0.43% in June, but ended the quarter stronger by 2.7%. The Nasdaq composite index ended up by 0.68% over the course of the week at 4397.3, it climbed by 1.8% over the month and made 6.6% in Q2.

The Nikkei 225 ended the week’s trading down by 1.7% to end the session at 15095, it made 0.12% in June and 0.21% over Q2.

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, just, closing at $1.7016 to the Pound; a fall of 0.03% over the week, it lost 1.3% during the month and 2.6% over Q2. The Greenback weakened against the Euro last week by 0.07% to close at $1.3631 to the € it strengthened by 0.07% in June and 0.52% in Q2. The Dollar was weaker against the Japanese currency, closing at 101.4 Yen to the Dollar, making a loss of 0.73% during the week, it lost 1.1% in June and 1.9% over Q2.

The Euro weakened against the Yen ending at 138.2, a loss of 0.37% over the course of the week, 1.2% in June and 2.4% in the second quarter. It made ground against Sterling last week rising by 0.26%; the close saw one £ buying €1.2484, it lost 1.4% of its value in June and 3.1 in Q2.

Commodities Market Review

On the commodities market, the price for Brent crude ended lower at $113.3 per barrel (for August delivery), a loss of 1.3% over the course of the week’s trading, but it gained 4.3% in June and 6.2% in Q2. The value of gold was higher last week, closing at $1317.5 per ounce, a gain of 0.38%, it made 5.6% over the month and 1.6% over the quarter.

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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