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.

Indexes:

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.

FOMC
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.
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