WSJ report Talks break up with no agreement. This isn’t as bad as it sounds. The notification to Congress can’t be made on a two-party agreement. The authorization to Congress was for a three-party deal under fast track provisions so they will have to start from scratch if it’s Mexico only.
Trump on NAFTA – Canada has taken advantage of US for many years – I love Canada – They have tremendous trade barriers and tremendous tariffs – It’s unbelievable what’s happening with the fake news
Trump at a signing ceremony Trump this week said he was enacting emergency powers to freeze salaries of Federal workers next year, rather than a +2% pay increase that was expected. He pointed to the deficit.
Trump may comment on NAFTA Trump in Charlotte, North Carolina. ForexLive
Reuters report Concluded for the day or concluded period? Canada’s Freeland has left the USTR building and will hold a press conference at 4:30 pm ET (2030 GMT). For me that’s a tell. If she’s holding a press conference alone, that’s not a good sign.
No denial from Trump That’s not going to help Trump’s love for the media: Here’s a tip, don’t make off the record comments at all but if you are going to make them, don’t do it about a country when you’re hours away from trying to make a trade deal.
Forex news for North American trade on August 31, 2018: Markets: – Gold flat – WTI crude oil down 33-cents to $69.92 – S&P 500 flat at 2901 – US 10-year yields flat at 2.86% The day started with hopes for a NAFTA deal but those were dashed very early in the day by a…
Fraud in Chinese cinema is breathtaking The amount of fakery, and often outright fraud, in China is truly mindblowing. The BBC is out with a story on Chinese cinemas and how faking attendance and box office receipts is a cottage industry.
Freeland comments Looks like we won’t get much from Freeland here. She’s basically saying that they ignore Trump’s comments. ForexLive
How did August seasonal trades fare? At the start of the month, I based on historic patterns. I will have the September trades up shortly. outlined four seasonal trades How did they do? Lets have a look.