UFX Weekly Forex Currency Trading News 28-June-2015
Following the breakdown in talks between Greek Prime Minister Alexis Tsipras and European finance chiefs, resulting in Greece’s July 5th referendum on spending cuts, the Euro recorded negative movement on Friday.
The EUR/USD took a 0.34% hit, resulting in a 38 pip drop, bringing the pair’s exchange rate down to €1.1167. The EUR/USD was followed by the GBP/USD, with a smaller 0.01% move downward, resulting in a 1 pip drop and exchange rate of £1.5746.
The USD/CAD also saw negative movement during market close on Friday. The pair dropped by 7 pips and 0.06%, dragging the price down to $1.2321CAD for every $1.00USD.
The USD/JPY fared better last week. The pair shot up by 0.18% bringing the exchange rate up by 2,200 pips, to a market price of ¥123.8500.
Crude oil trading ended last week on a mixed note. Still shuffling under the $60 mark, a barrel of West Texas Intermediate (WTI) dropped by 0.12%, bringing the price per barrel to $59.63.
On the other hand, Brent oil recorded positive movement before the market closed on Friday. A barrel of Brent crude oil rose by 0.09%, with a market price of $63.26.
After a number of weeks with negative movement, gold proved more positive this past Friday. An ounce of COMEX Gold went up by 0.12%, bringing the market price up to $1173.20. COMEX was followed by Gold-Spot and a 0.20% jump, bringing the market price up to $1175.52 an ounce.
Gearing up for next week’s NFP report, the DOW Jones saw upward movement during market close. The index went up by 0.31%, bringing its value up to 17,946.68.
Other major indices didn’t finish the week so positively. The S&P 500 dropped by 0.28%, down to a value of 2,101.49, followed by the NASDAQ with a 0.62% slip and a new market value of 5,080.51.