Trump Takes Credit For North and South Korea Talks

U.S. President Donald Trump claimed Thursday that talks between North and South Korea likely would not have occurred without his administration’s tough rhetoric against Pyongyang.Lambasting “failed ‘experts'” discussing the matter as “fools”, Trump questioned whether the two polarized nations would have engaged in conversation had he not been “firm, strong and willing to commit our total ‘might’ against the North.” The president also welcomed the development as a “good thing.”North Korea reopened its cross-border communications channel with South Korea for the first time in almost two years Wednesday. The move signaled a vital diplomatic breakthrough as geopolitical tension has risen over North Korea’s nuclear capability.

Source: Trump takes credit for dialogue between North and South Korea – CNBC

New Highs Eyed Ahead of US Data

Gold Rally Pauses Ahead of FOMC Minutes

EUR/USD – Euro Gains on Strong German, Eurozone Services Reports

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.