North Korea says ‘no way’ will disarm unilaterally without trust;
Ri Yong Ho told the world body’s annual General Assembly that North Korea had taken “significant goodwill measures” in the past year, such as stopping nuclear and missiles tests, dismantling the nuclear test site, and pledging not to proliferate nuclear weapons and nuclear technology. “However, we do not see any corresponding response from the U.S.,” he said. “Without any trust in the U.S. there will be no confidence in our national security and under such circumstances there is no way we will unilaterally disarm ourselves first.” While Ri reprised familiar North Korean complaints about Washington’s resistance to a “phased” approach to denuclearization under which North Korea would be rewarded as it took gradual steps, his statement appeared significant in that it did not reject unilateral denuclearization out of hand as Pyongyang has done in the past. Read More @ https://www.reuters.com/article/us-un-assembly-northkorea/north-korea-says-continued-sanctions-deepen-its-mistrust-in-u-s-idUSKCN1M90JF
WHAT ARE THE CURRENCIES INDEX TECHNICAL CHARTS SAYING?
Currencies are all at critical breaking points and this week will be interesting with Non-Farm Payroll at sight. We will be watching JPY & CAD – as Japanese Yen is still a safe haven and the market is at fragile – be ready for the market to fall. As for Canada – Bloomberg is reporting U.S. and Canadian negotiators are close to a deal on Nafta and there’s optimism it will be reached by the Sunday deadline — an outcome that would avoid an impasse that imperils $500 billion in annual trade, people familiar with the talks said. There’s renewed urgency to nail down a new North American Free Trade Agreement that could be published by Sunday so it can be signed by Mexican President Enrique Pena Nieto before he leaves office, the people said. The U.S. and Mexico reached their agreement in August, triggering talks between the U.S. and Canada, which are being held around the clock this weekend. ( Bloomberg) – all good for CAD for this week rally.
MONDAY NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.
- 2.00pm – German will release their Retails Sales – expected to be good.
- 3.15pm – Spain will release their Manufacturing PMI – expected to be good.
- 3.45pm – 4.00pm – Italy, Germany, France and Euro will release their PMI Manufacturing – expect volatility but in favor of the EURO.
- 4.30pm – UK will release the Manufacturing PMI and is expected to be good, we maintain BUY for GBP.
- 5.00pm – EURO will release their unemployment rate – we don’t expect any movement.
- EURO MEETINGS – Expect volatility for EURO.
- 9.00pm – Canada will release their Manufacturing PMI and is expected to be good. We buy CAD.
- 9.45pm – 10.00pm – US will release their Manufacturing PMI & Construction – expect to be no change.
The market is fragile and the market will react anytime; be cautious and always have good money management at all times.
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