Trading review for the previous week (Apr 02 - Apr 06)

In this article, we would like to present the review of financial markets targeting the major financial instruments during the period from Apr 02 to Apr 06.


Last week witnessed a mixed trading affair for indices.

Heading into Europe, the FTSE (UKX) closed at 7183.6, advancing about 1.67% over the course of the five sessions. The DAX also ascended by 1.1%, trading at 12241.27. The CAC40 ended up at 5258.2, as well climbing by 1.73%.

Switching to the US, the NASDAQ recorded a negative week with a decrease of 2.28%, finalizing at 6915.1. The DOW (DJI) also slipped about 0.71% to trade at 23932.8 on last week’s close.

In Japan, the Nikkei 225 posted a lift of 0.59% during the previous week, finishing at 21567.5.

Foreign exchange market:

Looking out over the currency market, the US Dollar witnessed a bullish sentiment from earlier last week but finally gave back most of its gains because of the disappointing Non-Farm Employment Change release. Furthermore, with an increase in U.S. Unemployment Rate, USD bears continued to dominate the round, driving the currency lower versus its FX counterpart. Nonetheless, the Euro – Greenback exchange still suffered a loss of 0.34% over the course of the week, trading at 1.22791.

The Pound Sterling also got a bullish picture from the beginning of the week, stimulated by the Manufacturing PMI announcement. However, the GBP’s bullish momentum was then restrained by the worse-than-expected Services PMI figure. In conclusion, the Cable – US Dollar printed an ascent of 0.47%, closing at 1.40871 by the end of last week.

The Pound Sterling
Source: City AM

The Japanese Yen – US Dollar exchange recorded a pretty sanguine affair during the prior week despite rising tensions about a trade war between the world’s two biggest economies. Summarily, USD/JPY finished up the five sessions at 106.915, heading higher about 0.65%.

The Canadian Dollar was a relatively energetic performer last week thanks in large part due to the positive outcome of the Canadian Employment Change. Coupled with the US Dollar’s bearish picture, the Greenback – Loonie exchange dropped about 0.94%, finalizing at 1.27799 by the end of the previous week.

The Australian Dollar continued active in its bearish trend, aggravated by the pessimistic Australian Trade Balance announcement. Nevertheless, thanks to a weaker USD, the Aussie – Greenback exchange’s bearish bias was curbed. In total, AUD/USD ended up at 0.76716 on last week’s close, decreasing by 0.11%.

In contrast with the Australia cousin, the New Zealand Dollar – Greenback exchange marked a positive affair last week. The currency pair posted a pick-up of 0.47% over the course of the five sessions, locked at 0.72718.

Other assets:

The yellow metal saw a pretty positive affair due to the USD’s weakening. A climb of 0.67% has been printed, with Gold prices ending up the previous week at 1333.41.

Despite U.S. Crude Oil Inventories marking a strong decrease, Oil prices still got a fairly negative week. The USOIL slipped to 61.90, presenting a sharp descent of 5.18% over the course of the five sessions.
In the meantime, the world’s most popular cryptocurrency has spent a week only consolidating. At the time of writing, BTC/USD is trading around $7,000.
See also:
Добавить комментарий

Оставить комментарий