The Traderszone Network

News that Saudi Arabia won’t attend a sideline meeting with Russia ahead of Monday’s OPEC summit continued to hit oil prices on Monday.

read more

BBC reporting 28 Nov 2016
The BBC has learned that the UK govt is facing a legal
battle over whether the UK stays inside the single market after it has
left the EU,

Concerns about this week’s OPEC meeting trigger more profit taking for the dollar, which has seen a heated run since the U.S.

read more

Not a great start to the week for Japanese equities as yen demand returns but paring losses 28 Nov
– Topix +0.34% at 1469.58
– USDJPY nudging back up through 112 after 111.36 lows

Forex news for Asian trading Monday 28 November 2016
Weekend posts:
– .
–  
The week opened with the US dollar moving straight to the downside.   All the major currencies moved lower against the greenback with the USDJPY leading the charge (-1.17%).  Meanwhile the JPY was the strongest currency.  This combination runs counter to the most of the post-Trump activity.   Helping the dollars slide was:

Currently 119.30 rallying off 118.84 lows being pulled around by USDJPY
120.00 still remains a line the sand on the topside
Offers: 119.50
119.80-85 120.00
Bids:   119.00 118.50 117.80 117.30