Stocks markets and oil prices plummeted, while bonds and gold markets rallied today, following North Korea's long-range ballistic missile test as well as US markets on hold due to Independence Day celebrations, dampening risk appetite.
Asian shares fell after the North Korean missile fell into Japanese waters, and European stocks also fell after oil prices fell for the first time in nine days, sending commodity stocks down. Investors moved towards the Japanese yen and gold as a safe haven, both rising as the USDJPY dropped to test the support level of 112.85 and the broken bullish trend line on the daily time frame. Gold prices rose around 6 dollars to the level of 1226$ before falling back to currently trading at 1223$ $ An ounce.
The RBA kept its policy unchanged, leaving interest rates at 1.50% earlier this morning, as the Australian dollar fell markedly after the interest rate statement disappointed the markets' hopes and didn't come even more hawkish, as it Favorable to the situation and that inflation target will be achieved over time.
According to some reports today, Japan and the European Union are close to signing a free trade agreement, which has been discussed since 2011 on the eve of the G-20 summit in Germany. The volume of trade has reached about 140 billion dollars last year. Both sides want to get rid of tariffs High tariffs