Day 334: Saudi Arabia news

Profit: -$6.67 Total: $1,304.01

One of the major news that happened over the weekend was in Saudi Arabia. Their former oil minister was fired and was repalced by Khalid-al Falih, the chariman of the country’s oil company, Saudi Aramco. He’s responsible for OPEC’s huge success which means that the market can except some volatility in oil. Although oil continued to go down to $43’s today, there’s too many uncertainties to determine it’s near future.

Didn’t really much trade today with the ranging markets. USD/JPY stayed strong, while AUD and NZD continued to go lower. I had some small trades here and there but ultimately had a down day. The dollar is still above and going strong, will keep a close eye on it.


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