Forex Week in Review

By: DailyForex.com

Last week was a positive affair for the world’s major markets with all making ground. Friday’s session marked the end of November for the purposes of these summaries.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.39% at 7409.6, but it slipped by 2% over the course of November; the Dax ended at 12994, 0.51% up on last week’s close, but it fell by 3.1% over the month; the CAC was up by 1.3% to end the session at 5390.5, slipping by 2.3% in November.

The Dow ended the week up by 0.86% to close at 23558, it was essentially unchanged over the month, making 0.08%. The Nasdaq composite index was up by 1.6% over the course of the week at 6889.2, rising by 1.8% in November.

The Nikkei 225 ended the week’s trading up by 0.69% to end the session at 22551, but was also unchanged over the month, rising by just 0.05%.

Currency Markets Review 

On the currency markets last week, the Euro enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.3338 to the Pound, a fall of 0.9% on the week and 2.1% in November. The Greenback weakened against the Euro last week by 1.2% to close at $1.1936 to the Euro, rising by 2.7% over the month. The Dollar weakened against the Japanese currency closing at 111.55 Yen to the Dollar, making a loss of 0.39% during the week and 2.4% on the month.

The Euro was stronger against the Yen ending at 133.2, a gain of 0.79% over the course of the week and 0.32% in November. It made ground against Sterling last week, rising by 0.28%, the close saw one £ buying €1.1174, a gain of 0.66% over the month.

The Euro now buys 1.1684 CHF, a gain of 0.2% on the week and 0.54% in November.

Commodities Market Review

On the commodities market, the price for Brent crude ended at $63.86 per barrel, a rise of 1.8% over the course of the week’s trading and 2.9% over the month. The value of gold rose last week closing at $1291.6 per ounce, an increase of 0.26% and 1.9% in November.

Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.