The Traderszone Network

Some major changes to tax laws happened during the year. Find out more about them.

Oil could break below $20 this year as tensions simmer between Iran and Saudi Arabia, John Kilduff said.

China’s major stock exchanges tanked on the first trading day of the year, triggering a “circuit-breaker” that suspended equities trade nation-wide for the first time and put months of regulatory work to restore market stability at risk. The selloff saw the CSI300 index of the largest listed companies in Shanghai and Shenzhen lose 7.0 percent before trading was suspended, its worst single-day performance since late August 2015, the depth of a summer stock market rout.

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Ammon Bundy, the man leading armed protesters in the takeover of a federal building on a wildlife refuge in Oregon, says his group doesn’t want a confrontation, but they intend to stay indefinitely.
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Latest German regional data now out
– yy +0.3% as prev
Softer monthly reading in line with others and we shouldn’t get any surprises from the German reading as a whole at 13.00 GMT

Reuters reporting latest developments in the Saudi Arabia/Iran crisis
– Bahrain cuts diplomatic relations with Iran following the storming of Saudi missions
The news is not so surprising but will add to market fears/uncertainty that the situation could escalate further

Here’s the latest on the other usual pairs. All a bit sketchy as the new year gets underway
USDCHF 0.9991 on the rise again as EURUSD retreats and EURCHF finds support