Markets are optimistic after the signing of a peace treaty between North and South Korea. North Korean leader Kim Jong-un is going to invite many foreign journalists to show the world the closure of its nuclear program. This denuclearization is also in connection with the first meeting between Kim Jong-un and Donald Trump, where the possible easing of sanctions against North Korea in exchange for denuclearization will be discussed.
Moreover, at the moment investors are most confident that the Fed's decision on interest rates would be to leave it at its current level of 1.75%, but it is also necessary to monitor the yield of long-term bonds. Tomorrow a decision on interest rates will be published by the Reserve Bank of Australia, where it is also expected that the rate will remain unchanged at 1.5%.
Tomorrow in some EU countries Labor Day will be celebrated, so today and tomorrow volatility against the euro will be reduced.
