WATCH: Forex Weekly Review – January 20, 2020

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Commodity trading

Welcome to this weekly review powered by TopRatedForexBrokers

Global Stock Markets

A great week for the Global Stock Markets with all major indices finishing the week higher. The earnings season is looking strong so far in the US, with the American markets leading the way economically. The best performer this week was NASDAQ, which gained 2.29%, and the S&P 500 also reached fresh new highs this week.

Commodities

For commodities, crude oil closed flat, while the gold and silver markets dropped a little. Platinum was by far the biggest winner of the week, gaining more than 4%.

Platinum has broken out on the weekly chart and perhaps should lead the way for other metals.

Currencies and crypto

With currencies, the US dollar gained against most currencies apart from the Swiss franc.

Cryptocurrencies had an excellent week, with gains across the board. Bitcoin Cash was by far the biggest winner, gaining 40.59% for the week. However, Litecoin gained over 25%, while Ethereum gained roughly 19%. The least gains were seen in Bitcoin, but even that was more than a 10% gain.

That’s it for another weekly review. From all of us at TopRatedForexBrokers, we’ll see you next time.

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