North Korea's attempts have become an unprecedented and serious threat to the world, since the last launch of an intercontinental missile late last night. The missile was launched at 05:57 local time on Tuesday and traveled about 2,700km before it collapsed over the island of Hokkaido.
Dow Jones futures are trading 140 points lower than closing yesterday, while the EUR/USD managed to beat over $1.20, trading around $1.2055.
On the other hand, safe haven tools such as gold and yen continue to rise and pass over key levels.
- Gold is traded at around $ 1,320, probing the main horizontal resistance. A correction to the levels of about $ 1300 would give us good levels of positioning with long positions, given the growing concerns.
- USD/JPY - went below the bottom of 108.70 and is currently adjusting and giving good prospects for new short positions on the trend.
When the US markets are opened, index negativity is expected to pick up, we see a further decline in the dollar and growth in the Japanese yen.
Passing a missile over Japan's territory raises questions about how NATO missile defense is capable of counteracting a possible real attack. The last shot was not thwarted and that made investors think more seriously about closing some of their positions and covering the rest.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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