North Korea has decided not to launch a missile attack on Guam - WSJ

Felipe Erazo FXStreet

According to the Wall Street Journal, North Korean Leader Kim Jong Un has decided to not launch a "threatened" missile attack on Guam. However, he warned that he could change his mind if the United States "persist in their extremely dangerous reckless actions".

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

GBP/USD clings to gains above 1.3600 on persistent USD weakness

GBP/USD stays in positive territory well above 1.3600 after retreating slightly from the six-month peak it set above 1.3650 earlier in the day. The US Dollar (USD) stays on the back foot and allows the pair to hold its ground after suffering heavy losses on the US Treasury Department's decision to ramp up long-term bond purchases on Wednesday.

EUR/USD retreats from three-month high, trades below 1.1700

EUR/USD loses its bullish momentum and trades flat on the day below 1.1700 after setting a three-month high earlier in the day. Nevertheless, the pair's downside remains limited as the US Dollar (USD) struggles to gather strength following the US Treasury Department's decision to boost long-term bond purchases.

Gold stays in red below $4,500 despite resurgent USD supply

Gold sticks to modest intraday losses and remains below the $4,500 mark in the European session on Thursday. Despite geopolitical uncertainties, the US Dollar loses ground again, resuming the previous day’s slump to a three-month low.

Bitcoin extends gains above $71,000 as liquidity conditions improve

Bitcoin extends its gains, inching toward $72,000 on Thursday, as crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations. The move has sharply improved market sentiment and liquidity conditions, helped trigger a short squeeze, and overall provided a positive catalyst for the broader crypto market.

The bond coup

Yesterday was marked by a coup from the US Treasury, which suddenly announced that it will ‘at least double’ the maximum size of its buyback operations for longer-term debt, hoping to ease pressure on long-term yields and borrowing costs. Phoah! The markets reacted heavily to the news. The US 10-year yield fell sharply, while the 30-year yield dropped from its highest levels since 2007.

$20 billion offered, $2 billion taken: Why Treasury doubled its buyback cap

The US Treasury moved off its own calendar on Wednesday, and that is the part worth sitting with. At 12:32 GMT, the department said it would at least double the size of liquidity support buyback operations in the 10-year to 20-year and 20-year to 30-year sectors, lifting the maximum from $2 billion per operation to at least $4 billion, effective September 9 and running to November 4.