Forex news from the European trading session – 7 September 2020
Headlines:
Markets:
– JPY leads, GBP lags on the day
– European equities higher; E-minis down 0.1%

A tweet by European Commission president, Ursula von der Leyen
I trust the British government to implement the Withdrawal Agreement, an obligation under international law & prerequisite for any future partnership. Protocol on Ireland/Northern Ireland is essential to protect peace and stability on the island & integrity of the single market.

Comments by the German government spokesperson
– There is only little time left to reach a Brexit deal
– But Germany is convinced it is still possible
– But UK must make concessions for a deal to happen
Different day, same story. Both sides are still pushing for each other to move their red lines but until we move

Brexit negotiations continue this week, starting from tomorrow
Thursday and Friday will likely be the days to watch out for in terms of key headlines, especially after Frost and Barnier have had their concluding talks on Thursday, 10 September.

Cable falls to a session low of 1.3175, testing the low on Friday
The pressure is starting to build for the pound now as sellers are threatening a further move to the downside, in search of a firm break under the 1.3200 handle.

Options fever in the equity market
The FT report that SoftBank had been buying massive volumes of equity options grabbed all the attention in markets on Friday. Now there are more details of the trade, which is still largely mysterious. :

Forex news for New York trade on September 4, 2020:
Markets:
It was a wild ride in the aftermath of the non-farm payrolls report. The data itself was generally positive. The headline matched estimates but in reality it was a bit softer because of disappointing private jobs. However the unemployment rate made a big surprise drop to

The UK Times has the report, saying the European Union is demanding the potential veto.
The Times cites senior government officials in the article saying 

COVID-19  – The US Food and Drug Administration is getting political heat to approve vaccines prior to the US election.
Bloomberg report firms are planning to band together to issue a pledge to not send any Covid-19 vaccine to the FDA for review without extensive safety and efficacy data

S&P and NASDAQ break 5 week win streak
It was a wild up and down trading day for the major US stock indices. At the end of the day the major indices all fell. For the week they also declined. The NASDAQ index was the weakest today and also for the week.