Trump Maintains Tough Stance on North Korean Regime

President Donald Trump toughened his rhetoric against North Korea on Sunday, declaring that attempts to negotiate with the regime were “waste,” and the U.S. was prepared to “do what has to be done” as tensions escalate between both countries.Over the weekend, Secretary of State Rex Tillerson said that the U.S. had opened a direct channel of communication with Pyongyang, which has tested rockets with increasing regularity. Tillerson has said there were at least “a couple” of channels through which the two parties were attempting to negotiate, The Wall Street Journal reported.However, Trump on Sunday effectively undercut his Secretary of State’s diplomacy by declaring negotiations to be all but fruitless. In a series of posts on Twitter, Trump told Tillerson to “save his energy,” suggesting the U.S. was prepared to escalate its heated rhetoric to potential military action.

Source: Trump tells Tillerson not to ‘waste time’ on North Korea talks: ‘We’ll do what has to be done’ – CNBC

DAX Edges Higher on Sharp German Mfg. PMI

Oil and Gold Unmoved in Asia

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all)