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The US President has made a number of announcements all of which have sparked a raft of fresh volatility across the markets. The EUR/USD dived and spiked after Trump and the USD/JPY did the opposite. The main bent of his remarks concerns the oil markets. Trump has said he will reduce the oil price by pushing Saudi Arabia and OPEC to increase production. He has also stated; the US has the largest oil reserves and he is going to use them. The other comments concern demanding the rest of Nato comment to a 5% of GDP military spend- good luck with that Mr Trump. So, oil prices have fallen and now the price of Brent crude for March delivery has fallen back too session lows a moment ago, below $78.50 per barrel, as Trump also demands the Fed should move to lower interest rates immediately- good luck with that one too
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