Forex Week in Review

By: DailyForex.com

Last week was another positive affair for the world’s major markets with all making ground ground. It marked the end of September and with it Q3 which I’ll summarise next week.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.85% at 7372.8, but it slipped by 0.95% on the month; the Dax ended at 12829, up by 1.9% on last week’s close and by 5.7 in September; the CAC was up by 0.92% to end the session at 5329.8, making 4.1% over the month.

The Dow ended the week up 0.25% to close at 22405, climbing by 1.9% in September. The Nasdaq composite index was up by 1.1% over the course of the week at 6496, ending the month 0.94% higher.

The Nikkei 225 ended the week’s trading up by 0.43% to end the session at 20356 and making 3.4% over the month.

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 $1.3399 to the Pound, a gain of 0.96% on the week, but it fell by 3.3% over the month. The Greenback strengthened against the Euro last week by 1.3% to close at $1.1814 to the Euro, slipping by 0.55% in September. The Dollar strengthened against the Japanese currency closing at 112.7 Yen to the Dollar, making a gain of 0.58% during the week and recovering by 2.3% on the month.

The Euro was weaker against the Yen ending at 133.1, a loss of 0.73% over the course of the week, but it gained 1.8% in September. It lost ground against Sterling last week, falling by 0.35%, the close saw one £ buying €1.1342, falling by 3.9% in the month.

The Euro now buys 1.1445 CHF, a loss of 1.4% on the week, but gaining 0.12% over the month.

Commodities market review

On the commodities market, the price for Brent crude ended at $56.79 per barrel, a fall of 0.19% over the course of the week’s trading, but a hike of 7.8% over the course of September. The value of gold fell last week closing at $1282.8 per ounce, a loss of 0.81% on the week and 2.9% over the month.

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