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On Monday, Kim Jong Un warned America that he boasts a "nuclear button" at hand, right on his desk and it will be employed if his isolated country is directly threatened. However, he offered an olive branch to his South neighbor, telling he’s "open to dialogue" with South Korea.
After 2017 dominated by fiery rhetoric as well as escalating tensions over North Korea's nuclear weapons tests, Kim utilized his televised New Year's Day speech to declare North Korea "a peace-loving and also responsible nuclear country." He also called for lower military tensions on the Korean peninsula as well as improved ties with the South.
Kim added that North Korea's participation in the Winter Games is going to be an excellent opportunity to demonstrate the national pride and he suggested the Games will be successful.
South Korea generally appreciated Kim's offer to send a South Korean delegation to the Pyeongchang Games and also hold negotiations with them to discuss probable participation.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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