WEEKLY MARKET REVIEW − January 16-20 2016 ECB and Bank of Canada interest rate decisions will impact the markets the most this week. Forex EUR/USD, Daily Last week’s main event was of course Donald Trump’s press conference. Traders expected to hear some insight pertaining to Trump’s economic policy see. However, that did not occur, causing the US dollar to drop temporarily. However the currency was in-line for a long-overdue correction. Additionally, the Fed talked last week about potentially raising rates at least twice this year. That provide some support for the dollar. This week interest rate decisions by the ECB and the Bank of Canada will move the currency market. Stocks USA S&P500, Daily US stock indexes rallies stopped last week. It should be noted that investors prefer not to open large positions during the quarterly reporting season, which started last week. At the same time, positive US economic statistics provided some key support for stocks. This week, traders are waiting for Donald Trump’s inauguration. Europe DAX, Daily Major stock exchanges in Europe followed the dynamics of the US markets. Oil was the main market-mover. Additionally, ECB Meeting Minutes further impacted markets. This week traders are waiting for British Prime Minister Theresa May press-conference scheduled for January 17. Additionally, the ECB meeting will impact stock markets. Commodities Brent Oil Futures, Daily Oil showed downward dynamics at the week’s start as traders were worried about OPEC agreement. Additionally, Iran and Iraq have increased the supply of oil to the world markets. Meanwhile, the news that Saudi Arabia is going to reduce supply helped oil. Additionally, in Russia due to abnormally cold weather, oil production was reduced by more than what was originally agreed to. This week will two publications will impact US oil stocks. Additionally, traders should pay attention as there will be a steady production reduction of oil volumes.