Forex Weekly Highlights
1- Crude oil levels dropped to the lowest during February 51.21 but managed to sustain 53 handle again.
2- Gold is bearish for the second day for the first time during February.
3- Dow Jones futures made a new record today at 20243.
4- USA president Trump and PM Japan meeting today, Friday 10th Feb, will have a major affect on markets.
5- Reserve bank of Australia RBA kept interest rates at current 1.5%.
6- Reserve Bank of New Zeland RBNZ interest rates didn't change the 1.75%.
7- Chinese Trade Balance surged 80B to previous 275B.
8- US index peeked to the highest levels during February at 100.86 and managed to reclaim the 100 level.
9- USD/JPY is bullish for the first time during February.
10- Stocks in the US traded higher than before.
11- PM May was given the authority to release article 50 for Brexit by end of March.
12- Trump and US Fed policies are on different terms.
13- US jobless claims dropped to near 43-year low.
14- European stocks are the cheapest they've been in 40 years.
15- U.S. President Donald Trump changed tack and agreed to honor the "One China" policy during a phone call with China's leader Xi Jinping. Reuters
16- OPEC is showing a rare degree of discipline in sticking to its promise to slash oil production. CNN
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.