Forex Week In Review – December 14, 2015

Last week saw all of the major stock markets lose ground as the price of crude oil continued to fall.

In Europe over the course of the week, the FTSE was down by 4.6%, it closed at 5952.8; the DAX ended at 10340, down by 3.8% on last week’s close; the CAC was down by 3.5% to end the session at 4549.6%.

The Dow ended the week down by 3.3% to close at 17265. The Nasdaq composite index ended down by 4.1% over the course of the week at 4933.5.

The Nikkei 225 ended the week’s trading down by 1.4% to end the session at 19230.

Currency Market Review

On the currency markets last week, the Yen enjoyed the best of the trading. The Dollar was weaker against Sterling last week closing at $1.5213 to the Pound, a loss of 0.74% on the week. The Greenback fell against the Euro last week by 1.1% to close at $1.1001 to the €. The Dollar was weaker against the Japanese currency, closing at 121 Yen to the Dollar, making a loss of 1.7% during the week.

The Euro was weaker against the Yen ending at 133.1, a loss of 0.65% over the course of the week. It made ground against Sterling last week, rising by 0.34%; the close saw one £ buying €1.3829.

The Euro now buys 1.0816 CHF, a loss of 0.49% on the week.

Commodities Market Review

On the commodities market, the price for Brent crude ended at $37.9 per barrel, a loss of 11.8% over the course of the week’s trading. The value of gold was lower last week, closing at $1076 per ounce, a loss of 0.99% on the week.