Here’s a good article copied and pasted from the October issue of Modern Trader magazine. The topic is how geopolitical threats (namely, from North Korea) are shifting the drivers of forex prices away from technicals, and toward a risk-on/risk-off paradigm.
If the Pot-Belly Dictator of North Korea decides to launch one (or more) of his kimche missiles – with or without warheads attached – at Guam, or Hawaii, or Japan, or South Korea – and the U.S. Navy is ordered to deploy anti-missile defenses in a live-fire, hot war scenario, which currency pairs will be affected, and by how much? Abe Cofnas offers some opinions.
"We are not looking to the total annihilation of a country, namely North Korea. But as I said, we have many options to do so."
U.S. Secretary of Defense, General James Mattis, speaking outside the White House,
with Chairman of the Joint Chiefs of Staff, General Joseph Dunford, at his side.
Kim Jong-Un seems intent on resuming the Korean War as the world’s first Nuclear War.
If he goes down this path, North Korea will surely become a radioactive puddle of molten sand.
