September 2019

Britain’s Prime Minister Boris Johnson insists on delivering the Brexit by October 31, according to a British Government source.

The Saudi Arabian oilfields Abqaiq and Kurais came under a large-scale attack involving 10 drones over the weekend, stopping the production of 5.7 million barrels per day and sending Brent crude prices higher by 20 percent, its biggest spike in 28 years.

This week is likely to see a much greater level of market activity compared to last week, with central bank input due from the U.S., Japan, the U.K., Switzerland and Australia, in addition to other important data releases for a few of the major currencies.

The Japanese Yen continues to flirt with a 6-week trough against the US Dollar as hopeful indications that China and the U.S. were moving closer to an agreement over their long-running trade dispute.

The common currency Euro is trading close to the $1.10 level ahead of the European Central Bank’s policy decision.

Today the European Central Bank governing council is announcing its monetary policy statement, a move that is being followed by market agents around the world, as other central banks have been taking easing stances.

In a Twitter post on Wednesday, U.S. President Donald Trump announced that he will postpone the upcoming tariff increases on Chinese products

Wall Street futures were pointing to little change for the upcoming session open

The British Pound floated higher and remained just off a 6-week peak as concerns over a hard Brexit seem to be receding, despite Boris Johnson’s efforts to pull Britain out of the EU, with or without a deal.

Few individuals have the ability to move the market like John Bolton, the U.S. National Security Advisor who was fired yesterday by President Donald Trump.