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Last week of the month

Posted on December 29, 2008 at 11:13 in Starting the day by Valeria Bednarik

Hello everybody, hope you are fine. Extremely trading conditions ruled the market last week, yet greenback is sharply lower this Monday, with euro and Swiss Franc leading the way. Both currencies are running high despite some bad fundamental readings, supported by their rate advantage and on the back of trouble in the Middle East, that’s pushing commodity prices higher. The Pound on the other hand continues falling after a record annual fall in U.K. house prices of 8.7%. Japanese yen is winning some strength despite we are going to see more choppy trading this week there, as Japanese importers and exporters have entered the Long New Year holidays, that will last until January 5th. See you in some minutes with some technicals. Have a great day!

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