Forex Week in Review - 10/10/2016

The world’s major markets were trading mixed again last week.

In Europe over the course of the week, the FTSE was up on last week’s close by 2.1%, it closed at 7044.4, it ended the third quarter up by 4.9%; the Dax ended at 10491, down by 0.19% on last week’s close but climbed by 7.5% over Q3; the CAC was down by 0.73% to end the session at 4449.9, but it rose by 4.9% over the course of Q3.

The Dow ended the week down by 0.37% to close at 18240, but it rose by 2% during Q3. The Nasdaq composite index was down by 0.37% over the course of the week at 5292.4, but it made 9.2% over the quarter.

The Nikkei 225 ended the week’s trading up by 2.5% to end the session at 16860, it rose by 4.9% over Q3.

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 $1.2424 to the Pound, a gain of 4.5% on the week, it strengthened by 2% in Q3 (and has risen by 13% from the level a week before the referendum). The Greenback strengthened against the Euro last week by 0.72% to close at $1.1159 to the Euro, it slipped by 0.91% on the quarter. The Dollar was stronger against the Japanese currency, closing at 103.4 Yen to the Dollar, making a gain of 2.2% during the week, but slipping by 1.4% over the course of Q3.

The Euro was stronger against the Yen ending at 115.4, a gain of 1.5% over the course of the week, but a loss of 0.46% in Q3. It made ground against Sterling last week, rising by 3.8%; the close saw one £ buying €1.1134 and the Pound slipped by 2.9% on the quarter.

The Euro now buys 1.094 CHF, a gain of 0.04% on the week and it rose by 0.5% over the quarter.

Commodities market review

On the commodities market, the price for Brent crude ended at $51.93 per barrel, a gain of 3.5% over the course of the week’s trading but a slip of 0.32% on the quarter. The value of gold was lower last week, closing at $1248.9 per ounce, a loss of 5.1% on the week and 2.1% over the course of Q3.