Forex Week in Review - 3 December 2018

Last week was a positive affair for the world’s major markets with the biggest gains in US markets. Friday marked the final trading session of a turbulent month.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.39% at 6980.2, it fell by 1.6% over the month; the Dax ended at 11257, 0.57% up on last week’s close, but ending November down by 2.3%; the CAC was up by 1.2% to end the session at 5003.9, ending November 1.9% lower.

The Dow ended the week up by 5.2% to close at 25538, ending the month up by 1.1%. The Nasdaq composite index was up by 5.6% over the course of the week at 7330.5, slipping by 0.36% in November.

The Nikkei 225 ended the week’s trading up by 3.3% to end the session at 22351, making 0.48% in November.

Currency markets review

On the currency markets last week, the Dollar again enjoyed the best of the trading. The Dollar was stronger against Sterling last week closing at $1.2769 to the Pound, a rise of 0.28% on the week and 1.5% over the month. The Greenback was stronger against the Euro last week, rising by 0.1% to close at $1.1322 to the Euro, gaining 0.52% in November.

The Dollar strengthened against the Japanese currency closing at 113.6 Yen to the Dollar, making a gain of 0.62% during the week and 0.42% over the month.

The Euro was stronger against the Yen ending at 128.6, a gain of 0.52% over the course of the week, but slipping by 0.1% in November. It was stronger against Sterling last week, the close saw one £ buying €1.1278, a gain of 0.18% on the week and 1% over the month.

The Euro now buys 1.1309 CHF, unchanged on the week, but 0.99% lower over the month.

Commodities market review

On the commodities market, the price for Brent crude ended at $59.46 per barrel, a rise of 0.46% over the course of the week’s trading, but a collapse of 18.4% in November. The value of gold was lower last week closing at $1222.1 per ounce, a fall of 0.22% on the week and 0.78% 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.