Forex Week in Review

Week in reviewThe final trading session for December and 2019 from the perspective of these reports has come and gone. It marks the end of the month, the quarter and the decade

The major markets all made ground last week but owing to the festive period, trading will have been light.

In Europe over the course of the week, the FTSE was up on last week’s close by 0.82% at 7644.9, it gained 5.6% in December; the Dax ended at 13337, up by 0.14% on last week’s close and by 1.3% on the month; the CAC was up by 0.26% to end the session at 6037.4, making 2.8% on the month.

The Dow ended the week up by 0.67% to close at 28645, making 2.3% over December. The Nasdaq composite index was up by 0.91% over the course of the week at 9006.6, it gained 4% over the month.

The Nikkei 225 ended the week’s trading up, just, by 0.09% to end the session at 23838, it gained 2.1% during December.

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 $1.3090 to the Pound, a loss of 0.41% on the week, but December saw it strengthen by 0.26%. The Greenback was weaker against the Euro last week falling by 0.88% to close at $1.1174 to the Euro, it fell by 1.1% over the month.

The Dollar was marginally stronger against the Japanese currency closing at 109.5 Yen to the Dollar, making a gain of 0.05% on the week, but ending December 0.77% stronger.

The Euro was stronger against the Yen ending at 122.4 a rise of 0.92% over the course of the week and 1.9% over the month. It was stronger against Sterling last week, the close saw one £ buying €1.1714, a rise of 0.47 and 1.4% on the week in December.

The Euro now buys 1.0886 CHF, a marginal gain of 0.05% on the week, but it slipped by 0.59% over the month.

Commodities market review

On the commodities market, the price for Brent crude ended at $68.16 per barrel, a rise of 3.1% over the course of the week’s trading and 5.9% in December. The value of gold was higher last week closing at $1509.3 per ounce, a rise of 2.4% over the week and 3.4% over the month.

Dr. Mike Campbell
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.