Donald Trump over the weekend vowed to find a solution to the current tensions with North Korea and resolve the nuclear threat. Trump will go at this problem alone as he doesn’t believe any other nations are bothered or have the capacity to achieve what he can. Whilst this seems quite aggressive Trump has assured that the idea is not to go to war but bring all parties to the table to find a resolution to any threats. North Korea have not released much in response but it seems unlikely that the constructive talks will take place to soon.
Egypt in the US
Donald Trump is currently meeting with the President of Egypt to “reboot” there bilateral agreements, with human rights a major factor. Egypt since its uprising several years ago has seen President Sisi who used to be Defence Minister and Armed Forces Chief arrest tens of thousands of people. President Trump would like there to be more tolerance towards dissenters of the government with less people being punished for their views.
Busy Week of US Data
Thursday will start a flurry of US data with the Federal Open Market Committee Minutes being released. Considering how much talk there is surrounding future interest rate hikes these minutes could have a major effect on the markets.
Non-Farm Payrolls will be released on Friday and this is the biggest release in the US. A large reading is considered very positive however anything below what’s expected can be damaging for the Dollar. There will also be an unemployment rate release along with the Non-farm data. As mentioned there is an expectation of future rate hikes. However if there is poor data then the strength for the US Dollar of late could start to unravel, the next few weeks could really turn the Dollars fortunes.