Community Blog

Filtered by tags:  North Korea
Avatar

USD/JPY opens the week on a firm note

Over the weekend there were some positive developments/rhetorics with regard to North Korea denuclearization. USD/JPY liked it, gapped up at the open and went on to the highest level since February. Not much of a move pip-wise but volatility in this pair has been dwindling recently. Volatility invariably expands after such periods, the only question is in which direction. 107.5 is the initial support with stronger one at 50 DMA. 108 is the immediate resistance with 100 DMA a potential target.
Read full story
Translate to English Show original
orto leave comments
Avatar

Bank of Japan on hold, North Korea to denuclearize

BOJ keeps monetary policy on hold. My guess is that, for now, they'll just proceed with small off-meeting tweaks (tightenings) and save regular meetings for any bold decisions (easings). What moved USD/JPY overnight was news of North Korea steps to commit to denuclearization and thawing of the relationship with the U.S. Trump is said to accept Kim's invitation for a meeting. It shouldn't be too much of a surprise if the two go on to become best friends after all.
Read full story
Translate to English Show original
orto leave comments
Avatar

USD/CHF fails above 0.98

U.S. dollar has been a laggard so far this week while euro gained some traction after it reclaimed 1.175. That's a recipe for Swiss franc gains while Catalan and North Korea crises still simmer in the background.
USD/CHF broke above both 200 DMA and 0.98 last week and touched 2017 trendline but sellers were waiting and took the pair back below both levels. 0.97 is the next target and then 100 and 50 DMA near 0.965. The mentioned 0.98 level should hold while sellers remain in the driver's seat.
Read full story
Translate to English Show original
orto leave comments
Avatar

USD/JPY slips on North Korea headlines

Yesterday, North Korean foreign minister said that they understood Trump's comments over the weekend as a declaration of war. White House later said that they have not declared war on North Korea.
Yen was bought on the news and USD/JPY fell some 50 pips. The pair stalled ahead of 111.50 level, which is the immediate support. Pre-FOMC low near 111 and the big figure itself is the next area to watch. 112.30 - 112.70 is the initial resistance.
Read full story
Translate to English Show original
orto leave comments
Avatar

USD/JPY falls after North Korea tested H-bomb

Yesterday North Korea successfully tested a hidrogen bomb and U.S. responded that any threat to them or its territories or allies will be met with a massive military response. That's clearly an escalation but won't morph into something bigger because I don't see how that could benefit anyone.
Risk pairs, including USD/JPY, opened the week with a big gap lower. Half of the gap has already been closed but the pair stalled ahead of 110. If it continues, 110.4 could be the next stop. 109.5 is the in…
Read full story
Translate to English Show original
orto leave comments
Avatar

USD/JPY extends rally to 113.50

USD/JPY demand has been notable over the past couple of days. PM Abe losing Tokyo election on Sunday night and North Korea leader Kim Jong-un playing with ballistic missiles on Monday and Tuesday nights provided but buyable dips.
The pair broke above 2017 trendline and so far traded up to 113.50. May high (114.40) is the next target. 115 - 116 area is likely to prove again to be a more formidable barrier. Initial support is seen near 112.75 and then at 112 pivot.
Read full story
Translate to English Show original
orto leave comments
Avatar

Investors, South Korean tech suppliers brush off North Korea threat

NEW YORK/SAN FRANCISCO (Reuters) - Growing tensions with North Korea should worry global electronics firms such as Apple Inc (NASDAQ:AAPL) as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans.U.S. President Donald Trump said on Thursday in an interview with Reuters that a major conflict with North Korea is possible in the standoff over its nuclear and missile progra…
Read full story
Translate to English Show original
orto leave comments
Avatar

North Korea (No, you can't just go there)

Today I was shocked again when a teenage student asked me if I've been there. Um..... NO. I was shocked before when my dietician said that you could buy a ticket and go there.... Um... NO. Guys, Don't you know????? What do you study in Italy??? It really shocked me that these people didn't know about North Korea. I really hope I don't have to explain to someone again that North Korea is a closed country. You need special permission to enter and then you will probably only be able to visit or see…
Read full story
Translate to English Show original
Erialda avatar
Erialda 4 June

im so sorry for the north korean people , i knew that is a close country but not so restricted , thanks for your information Neetu very useful

Neetu avatar
Neetu 5 June

Thanks for you nice comment. Yeah, I'm realizing that a big part of the world doesnt know anything about the issue. There's so much more to tell like Japanese and Korean citizens being kidnapped by North Korea and also in Japan sometimes there were explosives in mail boxes. I mean, it's a big issue that seems to be ignored in Europe. I haven't been in Europe too long, so don't take my word for it.

alltrade avatar
alltrade 8 June

Sad :(

orto leave comments