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> Gold may drop low - N.Korea – Tensions eased
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Gold may drop low - N.Korea – Tensions eased

Olymp Trade

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After the UNSC meeting on Monday, investors breathed a sigh of relief as North Korean fears eased slightly because the additional boycott are suspending textile exports and limiting oil deliveries, no military measures or any violence. Therefore, stock markets recovered: Dow Jones jumped 259,58 points on Monday and Nikkei opened higher following the stronger U.S. market early on Tuesday.
Moreover, today in the morning crude price fell because of the impact of Hurricane Irma. In my opinion, from last week data of the crude oil stock increased but the refined oil stock may decrease so gasoline price may rise higher but crude demand may drop from the Irma and Brent may fall. I think crude price may take time to recover from two hurricanes: Harvey and Irma.
Today I suggest to focus on U.K. CPI at 15.30 (GMT+7) which may give the positive for GBP, if the actual will be better than 2.8% and U.S. job openings which I hope it would be higher than 5.906M positions and may rise greenback highly.

Olymp Trade Review

Source: https://olymptrade.com
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