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Oil prices rose as much as 1 percent during Wednesday’s Asian session after OPEC reported steep production cuts in Januarys.

The Pound continues to come under heavy sell pressure and earlier fell to a 3-week trough on growing doubts that the Prime Minister

Japan’s Nikkei 225 surged during Tuesday’s Asian trading session, a first step in rebounding from three-week lows hit in recent session.

The Pound Sterling continued to slide on the latest data which indicated that the British economy slowed last year, to a degree not seen in seven years.

Asian markets were modestly higher on Monday afternoon as traders expressed renewed optimism that talks between U.S. and Chinese officials would bring the feuding countries one step closer to a long-term trade agreement.

This week is likely to see an increase in market activity, with central bank input from the Reserve Bank of New Zealand and crucial economic data due for the U.S. Dollar and British Pound.

The trade struggled between the United States and China, it seems, have been the mover of markets – or the thwarter of markets – many times in the past few months, and Friday seems to be no exception.

The overall strength of the US Dollar had Pound traders sitting on the sidelines and waiting for the outcome of today’s meeting of the Bank of England.

The differences among retail & institutional traders is their trading accounts’ sizes & thus, there is a difference in the way these traders approach their trading.

Oil prices were lower on Thursday, pressured by record-high production in the U.S., where inventories rose by 1.3 million barrels last week, the Energy Information Administration announced yesterday.