Markets are calm awaiting for US employment data

30 Aug 2017 10:08 AM

There was a lull in market movements with the start of trading today after a volatile day due to North Korea's provocative actions and the launch of a ballistic missile over northern Japan to fall in the Pacific Ocean. The US ambassador in the United Nations went out to say that the United States would not allow to continue lawlessness caused by Pyongyang.
Safe havens abandoned yesterday's gains as gold prices fell from their highest level since last November at $1325.95, currently trading at $1307. The dollar has rebounded from a two-and-a-half-year low, with the dollar index rising to 92.45.
The USDJPY also rose strongly from its four-month low of nearly 180 pips since yesterday, currently peaking at 110 levels. The EURUSD also fell from its highest level since late December 2014 at 1.2069 to 1.1945.
Investors are now eyeing US employment data due on Friday, following consumer confidence rising to a five-month high in August as the labor market improved and housing prices rose.
Crude oil prices saw some stability with today's trading at $46.32, while gasoline prices in the United States rose to their highest level since July 2015, following the storm and devastating floods caused by Hurricane Harvey, which led to the closure of about 15% of US refineries.

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