Market News

The Pound Sterling managed to recover some of its recently lost ground after Parliamentarians took back control of the Brexit outcome.

U.S 10-year Treasury note yields slumped 3.4 basis points on Tuesday to 1.441 percent, their lowest rate since July 2016.

Against the US Dollar, Sterling moved below the $1.20 level during London trade, striking a 3-year trough, as FX traders succumb to sell pressure on worries over Sterling's future after the Brexit.

The British Foreign secretary Dominic Raab commented that the only reason there has not been progressing on delivering the Brexit in an orderly manner is that the EU leadership senses that the current conflict in the British Parliament would either delay or cancel the Brexit.

Asian stock markets were mixed on Tuesday morning, pressured by weak data out of South Korea, China and Australia put traders on edge and the increased tensions between the U.S. and China added fuel to the fire.

Ahead of tomorrow's return of lawmakers to the UK Parliament, FX traders are awaiting the sparks that are expected to fly between them and the Prime Minister.

Japan's manufacturing activity went down in August according to data published by the Bank of Japan.

Oil production rose in August, data from Reuters showed on Friday, as OPEC produced nearly 29.61 million barrels per day, up 80,000 barrels per day from July’s production level.

September 1st is here. That means four more months of the year, the first week of school, and the implementation of new tariffs in the U.S.-Sino trade war.

This week is likely to see a higher level of market activity compared to last week, with central bank input due concerning the Canadian and Australian Dollars, plus U.S. Non-Farm Payrolls.

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.