Comments by German finance minister, Olaf Scholz
the ‚debt brake‘ issue
A potential market concern is that the economy may be moving in the right direction, so lawmakers choose not to suspend the ‚debt brake‘, but that in itself may hinder the path towards a quicker and more sustained recovery down the road.

It is a risk-on session for the most part in European trading so far today
The more positive risk tilt comes on the back of optimistic comments from the and with regards to trade talks from earlier in the day.

EUR/JPY pushes to a session high of 125.72 on the Ifo report
The pair has been nudging higher over the past hour, helped by a weaker yen as well with the currency slipping amid higher bond yields on the session.

Positive sentiment, but for how long?
Other markets
The USD has shown broad weakness on the session as risk on sentiment has dominated. 
The session started very slowly with narrow ranges across the major pairs. The general sentiment was positive on news from the handover that the US is planning to allow emergency use of plasma in the

Rising debt
The UK has to decide how to handle its rising debt level which has now increased to more than £2 trillion. UK borrowing is now above 100% of its GDP for the first time since 1963.  

Via Reuters
The role of tech leading the way through COVID-19 was once again confirmed last week when Alibaba beat estimates. Here was the headlines: 
Alibaba’s stock has risen 23% this year as a ’stay at home‘ stock which investors have been backing as winners in a COVID-19 shut down world. Alibaba is also seen as a

Via Reuters

via Bloomberg
. 
Seeing the rise in SNB deposits makes me think the SNB face another uphill battle to keep the EURCHF pair supported
An article from Bloomberg just out supports the same outllook seeing downside ahead for the EURCHF. Here is the rationale:

Coronavirus weekend news – Chinese media, Global Times, reports via Twitter that an official at the country’s National Health Commission:
GT also report on a more than 20,000 person phase III clinical trial in the UAE of Sinopharm’s COVID19 vaccine

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Forex news for North American trading on August 21, 2020
Data on the US came out better-than-expected today, with the housing rebound continuing. The existing home sales data for July (accounts for 90% of US housing transactions) rose to 5.86 million vs. 4.70 billion in the previous month and above the estimate of 5.41 million. The