Trading review for the previous week (Apr 09 - Apr 13)

In this article, we would like to present the review of financial markets targeting the major financial instruments during the period from Apr 09 to Apr 13.


Last week witnessed a mixed trading affair for indices.
Heading into Europe, the FTSE (UKX) finished up the week’s sessions at 7264.6, climbing about 1.09%. The DAX also advanced by 1.50%, trading at 12442.40. The CAC40 closed at 5315.0, increasing about 1.02%.

Switching to the US, the NASDAQ recorded a surge of 2.86% over the course of the week, finalizing at 7106.7. The DOW (DJI) as well ascended by 1.89% to close at 24360.1 on last week’s close.

In Japan, the Nikkei 225 climbed about 1.03%, finishing at 21778.7 at the end of the previous week.

Foreign exchange market:

Looking out over the currency market, the US Dollar recorded a pessimistic week trading lower regardless of the sanguine PPI m/m release as well as positive signs from FOMC Meeting Minutes that all members expected a stronger economy alongside rising inflation in upcoming months. Thanks in large part due to that, the Euro – Greenback exchange marked a positive affair with a rise of 0.49% booked, pushing the currency pair to 1.23397 on last week’s close.

Source: Orbex

Thanks to a weaker US Dollar, the British Pound – Greenback exchange witnessed a strong affair. Shrugging off the negative Manufacturing Production m/m announcement which was broadcast falling to a negative number, the currency pair has finished up the five sessions at 1.42435, marking an increase of 1.09%.

The Japanese Yen – US Dollar exchange saw a recovery during the prior week thanks in large part due to the JPY’s deterioration despite the BOJ remaining optimistic on regional economies. In total, USD/JPY mounted by 0.38%, trading at 107.352 at the end of the week.

The previous week has been a highly positive affair for the Canadian Dollar mostly because the Bank of Canada’s Business Outlook Survey was released positively. Most of the currencies – CAD headed lower last week, including the Greenback – Loonie which finalized at 1.26059 with a strong decline of 1.43% recorded over the course of the five sessions.

Meanwhile, the Australian Dollar – US Dollar got a lift mostly due to USD bears actively coming into the fray. Despite Reserve Bank of Australia Governor Philip Lowe continuing to pressurize the Aussie’s prospect, the currency pair has posted a rare light last week with a rally of 1.27% posted.

AUD/USD finished up the week at 0.77673.

Alongside the Australian cousin, the New Zealand Dollar – Greenback exchange as well overjoyed bulls by a sanguine affair. A robust climb of 1.09% has been confirmed with NZD/USD finalizing at 0.73520 over the course of the five sessions.

Other assets:

Thanks in large part due to war worries, the yellow metal was a relatively energetic performer during the previous week. Combined with the Greenback’s depreciation, XAU/USD has finished up at 1345.75 on last week’s close, advancing by 0.93%.

Alongside the flagship anti-fiat asset, Oil prices also witnessed a positive week. The USOIL has posted a remarkable surge of 8.18% during the five sessions to end up at $67.36 per barrel.

The prior week also saw a strong recovery of the world’s most popular cryptocurrency. At the time of writing, BTC/USD is trading around $8,300 with an overall rise of 11.6% over the course of the week.
See also:
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