In comparison to recent weekends, it was a fairly sedate affair for the markets off-days, though headlines coming out of oil-producing nations, as well as continuing tensions both within and outside of the EU on trade and Brexit struggles are potential harbingers of sticking ponits for traders in the week ahead. In the Pacific-Asia theater, the People’s Bank of China (PBoC) made a 50 basis point cut to the reserve requirements for key institutions in an effort to pump up lending to small and medium-sized firms. Chinese stock indexes declined on Friday as trade war fears continue to force bullish traders to the sidelines, and China is taking proactive measures to keep liquidity flowing through their system. In Japan, Prime Minister Shinzo Abe is experiencing a slight bump in his polling numbers, with support for his ministerial cabinet lifting by almost ten percentage points to 52%, the measure’s highest reading in months. PM Abe’s approval rating suffered a blow earlier this year after key members of his cabinet admitted to forging documents involved in a land sale to a school developer with ties to Abe and his wife. Public support for the PM is bouncing back and his efforts working hand-in-hand with the Bank of Japan (BoJ) to re-introduce inflation to the Japanese economy continues to find strong support, despite a few key detractors who say Japan’s hyper-easy monetary policy may not be working as intended. OPEC has seemed to reach a tentative agreement on crude production increases, though the exact figure has yet to be determined and announced, with Saudi Arabia pushing for a 1 million bpd crude cap increase, and Iran pushing back with a suggested limit increase of no more than 770 thousand bpd. in Europe Brexit jitters within the UK continued unabated, with government Brexiteers lashing out against UK-based businesses that are increasingly unsatisfied with the lack of clarity on potential business operating conditions post-Brexit, with the UK’s Health Secretary Jeremy Hunt calling business’ ‘threats’ towards the UK’s government “completely inappropriate”. The Bank of International Settlements (BIS) is warning that knock-on effects from the current trade tensions between the US and China are going to begin having side effects on currency markets and financial flows, with the BIS cautioning that a “very dangerous spiral” could easily have a negative impact on on global growth and financial stability. Despite this, the BIS is still maintaining the view that current trade tensions will be resolved peacefully and successfully, and that central banks will continue to move into more hawkish waters, with the US Fed expected to continue lifting rates and other major central banking institutions to begin reducing their current stimulus programs. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Quiet Monday ahead has German IFO, US Home Sales in focus – TDS FX Street 5 years In comparison to recent weekends, it was a fairly sedate affair for the markets off-days, though headlines coming out of oil-producing nations, as well as continuing tensions both within and outside of the EU on trade and Brexit struggles are potential harbingers of sticking ponits for traders in the week ahead. In the Pacific-Asia theater, the People's Bank of China (PBoC) made a 50 basis point cut to the reserve requirements for key institutions in an effort to pump up lending to small and medium-sized firms. Chinese stock indexes declined on Friday as trade war fears continue to force bullish… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.