One of the most important events today was the rally in oil prices, not interrupted for the seventh month in a row. Just a few fundamental events have raised prices up.
In Iran, massive anti-government protests continue since December 29, associated with a sharp increase in food prices. Associating with the event risks on energy supplies from Iran, which has the third place in OPEC as a producer of oil and gas, lead prices to continue their rally.
It is also related to an increase in demand for fuel in the background of a sharp deterioration in weather conditions in the United States. In some states for the first time in more than 20 years it snowed. In addition, due to the anomalous frosts, some oil companies have suspended operations due to frozen oil pipelines. Reducing the supply and demand growth have generated a rise in energy prices.
Left unattended were New Year's speech of North Korea's leader Kim Jong-un, as well as the reaction to it of the American president Donald Trump. In his New Year speech, the leader of the DPRK mentioned that there is a "red button" on his desk which is not just a threat but a fact. The reaction from the White House not long in coming and on his Twitter Donald Trump said on his desk there is a more powerful "red button" and it works.
So far, the war of words has not led to any changes in the global financial markets, however, the dollar index since the beginning of today's trading session has continued to decline.
