The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Greenback soars as North Korean tensions decline
On Tuesday, revenues versus the Japanese yen and the Swiss franc provoked a broad ascend in the US currency, backed by an evident easing of the tensions around North Korea, which pushed capital towards Switzerland as well as Japan the previous week.
The Japanese yen and the franc had both rallied because Pyongyang and Washington ramped up their military threats following the imposition of fresh sanctions on the Koreans via the United Nations just 10 days ago.
Nevertheless, on Tuesday, a North Korean state media informed that the country’s leader Kim Jong Un had delayed his decision on launching missiles towards the US Pacific territory of Guam. Financial markets viewed it as another indication that the threats were absolutely rhetorical.
The US currency gained 0.7% leaping to 110.42 yen, returning to levels last observed before Donald Trump promised the previous week that North Korea would be met with fury and fire if it dared to threaten America.
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!