Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Forex Week in Review

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.

Week in reviewBrexit is now certain to happen with the election of Boris Johnson’s Conservatives as a majority administration. Formal exit will happen next month, but it will start a “standstill” transitional period which will run until the end of next year.

All of the major markets made ground last week.

In Europe over the course of the week, the FTSE was up on last week’s close by 1.6% at 7353.4; the Dax ended at 13283, up by 0.88% on last week’s close; the CAC was up by 0.8% to end the session at 5919.

The Dow ended the week up by 0.43% to close at 28135. The Nasdaq composite index was up by 0.91% over the course of the week at 8734.9.

The Nikkei 225 ended the week’s trading up by 2.9% to end the session at 24023.

Currency markets review

On the currency markets last week, Sterling again enjoyed the best of the trading in the aftermath of the Conservative election win. The Dollar was weaker against Sterling last week closing at $1.3352 to the Pound, a loss of 1.7% on the week. The Greenback was weaker against the Euro last week falling by 0.73% to close at $1.1132 to the Euro.

The Dollar was stronger against the Japanese currency closing at 109.3 Yen to the Dollar, making a gain of 0.54% on the week.

The Euro was stronger against the Yen ending at 121.6 a rise of 1.3% over the course of the week. It was weaker against Sterling last week, the close saw one £ buying €1.1994, a fall of 1% on the week.

The Euro now buys 1.0950 CHF, a loss of 0.01% on the week.

Commodities market review

On the commodities market, the price for Brent crude ended at $65.22 per barrel, a rise of 1.3% over the course of the week’s trading. The value of gold was lower last week closing at $1474.3 per ounce, a rise of 1% over 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.
 

Most Visited Forex Broker Reviews