Well, it seems that Donald Trump started to feel the nearing end of his presidency. And while we know that in the whole history of the United States there has never been a president who would have been impeached it may well ben Trump. With the amount of scandals, surrounding his persona in general and his presidential term in singularity we would say that it is quite possible for Trump to be exiled from the Oval Office. And it is possible that Trump understands that the consequence of his actions may soon come and spoil everything for him.

In a hurry Trump announced the agreement with Mexico that is aiming for the replacement of North American Free Trade Agreement. Presidents were discussing the possible exit from their trade problems for months and months. There was seemingly no end to the problem. But all of a sudden an agreement is reached and signed? What’s with the rush? Can Trump be feeling or even know something that we don’t?

Canada is also to join the negotiations as the country was waiting for the talks between its NAFTA partners to end. The new agreement between the countries, according to Trump is going to go like this: “We’re going to call it the United States/Mexico Trade Agreement. NAFTA has a bad connotation because the United States was hurt very badly by NAFTA for many years.”

There is also hope that after the deal is finished, Mexican economy will finally be able to grow again as the demands of the United States towards collaborative automobile making are going to be more soft and more affordable for the economy of the country. Peso is about to get a boost and traders are only looking forward to this. But it seems that the greenback doesn’t like rapid changes like that as well. Today the fall of the American national currency from yesterday is extended. And it doesn’t seem like a simple coincidence to us.

It is possible that Trump’s efforts to save dollar trading are not going to come to life after all. In the nearest future this segment is about to get even more difficult and hard with impeachment hanging over Trump’s head he will have next to no time to deal with the falling dollar. And it is peculiar, how other segments of the markets are not really reacting to the recent fall. Oil and gold are still losing price even though it is unusual for them to fall along with dollar. It doesn’t seem like the fall is natural. Greenback is feeling political pressure.

So, until we see some kind of certainty about dollar and Trump’s political future we doubt that dollar trading is going to be as pleasant as we all want it to be.

With all of the efforts that the Chinese put into supporting their economy it seems that all of those efforts go unnoticed by the trading and investing society. With Chinese trying to attract investors with new project like infrastructure renewal for example it seems that in August trust and interest on traders was lost on Chinese economy. Why is that?

Well, for once falling offshore yuan, decline of which is not helped by even weak dollar hasn’t been looking attractive since American tariffs kicked in. no one wants to contradict the United States right now. And going pro-China is very risqué for traders right now as there is no way to predict where dollar is going to turn and whether the turn is going to help other economies grow.

Second factor seems like it is more important that every other reason for the extended fall. Remember, last week Xi Jinping sat down with Donald Trump in order to discuss tariffs? Those talks failed to change the situation. Again. It seems that the Chinese are not as good in talks with the United States as we all had hoped. And from that we draw the conclusion that we will have to wait for the agreement for a long, long time. And in between from here to there we might face several more packages of tariffs. And who knows how harsh they might be. Right now we are practically frozen, wait for some kind of closure on the recent talks but with suspense hanging in the air traders start losing their patience which can end up in the process of selloff.

Sadly, but the chances for Chinese economy to straighten out right now are very limited and very unlikely. Yuan trading is not going to be safe unless US and China make their way to peaceful agreement in the nearest future.

With Brexit being closer and closer, pound doesn’t seem to display any growth in the recent weeks. Why? Because it seems that there is indeed no way back out of this one for the British. May is negotiating the deal even though there have been losses in her office and a lot of people throughout the UK do not support the decision to leave EU. And, as we know, pound hates Brexit talks especially when they are successful.

May wants UK to leave Brexit but still keep all the privileges that the country has right now. Those, concerning trade deals are of special interest for the UK’s Prime Minister. But the EU do not agree with such decision and wish. As the date approaches it becomes more and more apparent that the No-deal Brexit is more probable than we thought.

Right now pound traders can see the weakness, displayed by the currency. But good news for then will not arrive until the decision of deal/no-deal Brexit is made. Until that we will have to wait for the answer and only suggest what is going to happen. But do not ne amused on the outcome, because it is possible that in the end we will see fall in any case.

British government has already prepared a course of actions for both Brexit scenarios, and we have to start building up our own strategy for both of them as well.