August 2019

The Japanese Yen was broadly higher during Asian trade on Monday after the weekend’s G7 meeting failed to improve the trade war situation.

This week is likely to see a similar level of market activity compared to last week, with no central bank input due at all concerning any of the major global currencies.

French Prime Minister Emmanuel Macron warned his British counterpart against the Brexit on Thursday, saying that the UK could become a United States vassal state. He also said that reopening the negotiations concerning the Irish Backstop is not an option.

Though higher against the greenback currently, currency analysts expect to see increasing volatility for the Pound Sterling as all avenues to a soft Brexit appear to close on the Prime Minister.

Traders got some interesting views of the market on Wednesday afternoon EST; first, the Federal Reserve released minutes of its July meeting, showing that the decision to cut interest rates last month was fraught with conflict and that the Fed does not have a clear path to avert a recession.

Japanese government representatives and their American counterparts are meeting from this Wednesday to discuss trade matters.

The Pound Sterling failed to maintain positive momentum and gave back a portion of yesterday’s gains as market worries grow over the impending Brexit deadline.

Asian stocks were mixed on Wednesday morning as traders remained concerned about the state of the global economy and eager to receive the FOMC minutes from the July Federal Reserve meeting.

British Prime Minister Boris Johnson claimed on Tuesday that Brussels’ backstop Plan is “anti-democratic” and “unviable” so it must be abandoned.

Is it possible that another wave of payroll tax cuts is coming for U.S. citizens? According to some reports on Monday such as those from Fox News and the Washington Post, the White House is weighing this possibility as a way to ease economic concerns.