Market News

The Japanese Yen was higher against the greenback despite growing hopes that the on-again off-again trade conflict between the United States and China may be on track for the resumption of negotiations.

The Pound Sterling continued to come under pressure as the likelihood of a hard crash out of the EU escalate.

The Queen of England allowed the suspension of the British Parliament, a move that is being heavily criticized by the British opposition, and even some moderate conservative leaders.

Oil prices slumped on Thursday morning, snapping a three-day period of gains after San Francisco Federal Reserve President Mary Daly commented that while the U.S. economy has strong momentum, uncertainty and the global growth slowdown are impacting the U.S. economy to the downside.

The British Government is going to ask the Queen of England to suspend the Parliament, as an attempt to deliver the Brexit by October 31.

The Pound Sterling lost ground against the greenback and Euro as FX traders fret over Boris Johnson's possible intent regarding the Brexit.

The Japanese yen held strong on Wednesday morning after an inversion in the U.S. yield curve sparked recession fears once again, sending traders flocking to the safe-haven currency.

On Monday, comments out of Washington told of a call from Chinese trade negotiators to U.S. trade officials, claiming that China is eager to resume trade talks.

The British Labour Party Head Jeremy Corbyn is meeting with the members of the opposition parties to discuss a plan to stop a no-deal outcome for the Brexit.

Gold prices retreated from six-year highs hit on Monday after U.S. President Donald Trump hinted that a break in the trade war between the U.S. and China may be imminent.

The common currency Euro was lower against the greenback during Monday trade in London after the latest survey from Germany showed business sentiment continuing to erode.

The United States President Donald Trump said that China wanted to reach a Trade deal with the Americans

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.