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Forex Week in Review - 10 September 2018

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 week marked was a negative affair for the world’s major stock markets with all markets falling.

In Europe over the course of the week, the FTSE was down on last week’s close by 2.1% at 7277.7; the Dax ended at 11960, 3.3% down on last week’s close; the CAC was down by 2.9% to end the session at 5252.2.

The Dow ended the week down by 0.18% to close at 25917. The Nasdaq composite index was down by 2.6% over the course of the week at 7902.5.

The Nikkei 225 ended the week’s trading down by 2.4% to end the session at 22307.

On the currency markets last week, the Dollar enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2936 to the Pound, a rise of 0.23% on the week. The Greenback was stronger against the Euro last week making 0.23% to close at $1.1573 to the Euro.

The Dollar strengthened against the Japanese currency closing at 111.2 Yen to the Dollar, making a gain of 0.22% during the week.

The Euro was unchanged against the Yen ending at 128.7, a loss of 0.01% over the course of the week. It was unchanged (exactly) against Sterling last week, the close saw one £ buying €1.1178.

The Euro now buys 1.1207 CHF, down by 0.37% on the week.

On the commodities market, the price for Brent crude ended at
$76.83 per barrel, a fall of 1% over the course of the week’s trading. The value of gold was lower last week closing at $1198.2 per ounce, a loss of 0.18% on the week.

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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