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.

Indexes:

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.
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