Forex Week in Review

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Last week marked the final trading session for November. The UK election campaign and the precursory impeachment hearings against President Trump rumble on.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.27% at 7346.5 making 0.6% on the month; the Dax ended at 13236, up by 0.55% on last week’s close and by 2.1% in November; the CAC was up by 0.2% to end the session at 5905.2, it ended the month up by 2.5%.

The Dow ended the week up by 0.63% to close at 28051, gaining 2.6% on the month. The Nasdaq composite index was up by 1.7% over the course of the week at 8665.5, gaining 3.3% in November.

The Nikkei 225 ended the week’s trading up by 0.78% to end the session at 23284, making 1.9% in November.

Currency markets review

On the currency markets last week, Sterling enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.2938 to the Pound, a loss of 0.29% on the week, but it was up, just, over the month by 0.07%. The Greenback was stronger against the Euro last week rising by 0.24% to close at $1.1019 to the Euro, gaining 1.3% in November.

The Dollar strengthened against the Japanese currency closing at 108.7 Yen to the Dollar, making a gain of 0.63% on the week and 1.2% over the month.

The Euro was stronger against the Yen ending at 120.6 a rise of 0.38% over the course of the week, but it slipped by 0.14% in November. It was weaker against Sterling last week, the close saw one £ buying €1.1741, a fall of 0.52% on the week and 1.3% in November.

The Euro now buys 1.1020 CHF, a gain of 0.74% on the week and 0.11% on the month.

Commodities market review

On the commodities market, the price for Brent crude ended at $60.49 per barrel, a fall of 4.6% over the course of the week’s trading and 2% in November. The value of gold was lower last week closing at $1462.7 per ounce, a fall of 0.23% over the week and 3.2% over the month.

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.