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Trump steals the show once again

The pace in demand for the Japanese Yen has picked up significantly following the breaking announcement moments ago from President Trump that the North Korea summit will not be going ahead. Gold is also roaring higher, providing confidence to the view that investors are suddenly moving towards safe haven assets.

What we are noticing in the market is a sudden change in investor sentiment, where traders are becoming less inclined to look at riskier assets and are encouraged to safe havens instead.

If investors use this news to price political risk premium back into their portfolios, then we could have a very busy conclusion to what has already been an eventful week for the financial markets, with the Turkish Lira crisis and the ongoing trade negotiations between Washington and Beijing already attracting attention across the globe.

 

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.



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