What you need to Know on Monday, August 12:
Reports indicate that US-China talks will not resume. Goldman Sachs believes Chinese stocks may be affected by the flows, and the chances of U.S. recession have increased.
The Japanese Yen is moving upwards as the USD/JPY enters the 105 range. Many Asian markets are closed due to the holiday.
British media say parliamentary ministers have restricted Boris Johnson from leaving the European Union without agreement and are seeking an extension to Brexit. The GBP/USD is close to the 1.2000 range.