The only woman in the room

There was only one woman in the room during the phenomenal meeting between the titans with boosted testosterone who several months used to play bluffing, threatening and flattering games. The star of the day is she,  Lee Yun-hyang. Her story is a collective image between the new and the old, Korea to the north and to the south.

A long-time US State Department employee who has been working full time for the US government since 2009, having interpreted for George W. Bush, Barack Obama, and Hillary Clinton. The 61 years old lady on the spotlight had originally wanted to be television producer in South Korea after graduation, but her application was denied because she was a woman. At the age of 33 she decided to escape from her life as a housewife as well as from the discrimination against women.
In 1996 she began teaching the Monterey Institute’s translation program in California. Having tried to return to Korea a few years later to enroll her children in a high school there, but was told that her children were not eligible because they had studied overseas due to their mother’s profession.

For a short time, he taught at Seoul University in 2004, then returned and began living in Washington where he worked for the US government in 2009. To this day, when during an extended bilateral meeting between Trump and Kim Chen -un, with the participation of US Secretary of State Mike Pompey and Kim Jong-cho, Li was the only woman in the room.

Like Asteria (means starry one) from the Greek mythology she escaped from the pursuing restrictions and the local titans turning into a bird and flying over the sea and ultimately not only finds salvation for herself but acquires the supernatural power of incantations.
She is the Harmione Grange in reality having become the Minister of Magic  who has the skill to decipher the code of earthly peace and ease the two main atomic charactetrs. 
The Trinity in the Matrix nowadays, the first positive proof of truth which is connecting hardwired to self-destruct nuclear circuits who are not aware how deep the rabbit hole goes.

By the way, Trinity is the code name of the first experimental explosion of a nuclear weapon.

And as James Brown sings: This is a man’s world, but it would be nothing without a woman (or a girl) and I absolutely agree with this because Lee Yun-hyang made it possible for Trump and Kim to understand one another.

No more war games

  

After months of exchanging threats and insults between the leaders of North Korea and USA, both sides finally met today in Singapore. The historic summit continued five hours and ended with the genesis of what could bring more substantive steps towards denuclearization.  Donald Trump and Kim Jong-un signed a document, which was hailed by Trump as “very comprehensive” but it does not go much further than existing denuclearisation agreement. Much more significant is that these two men met at all.

So in short here are the main points of the Trump-Kim document or the four pillars of denuclearization

1. The United States and the DPRK commit to establish new U.S.-DPRK relations in accordance with the desire of the peoples of the two countries for peace and prosperity.

2. “The United States and the DPRK will join their efforts to build a lasting and stable peace regime on the Korean Peninsula.”

3. Reaffirming the April 27, 2018 Panmunjom Declaration, the DPRK commits to work towards the complete denuclearization of the Korean Peninsula.

4. The United States and the DPRK commit to recovering POW/MIA remains including the immediate repatriation of those already identified.

Now everyone is rushing to join the noisy and loud chorus of congratulations to Trump. But he deserves congratulations you and for what ??? Actually Kim gave nothing he has not already given, and Trump, the great negotiator, gave everything and got nothing except a smile in return.

Fix the number 7

Few things can be more secure in politics than Donald Trump, who is trying to dispel the negative news, creating a bust over another. I think that this is the best translation of latest US president's comments from Friday on Russia return to the G-7 group. But this distracting smoke bomb could still inflict unnecessary harm to Western unity against Russia. 

Russia's worst nightmare wanted permission Russia to come back on the negotiating table.

As he often says, his policy towards Russia is tougher than that of Barack Obama. He agreed to strengthen NATO troops in eastern Europe and to accept Macedonia in the alliance. Putting down Javelin anti-tank missile systems in Ukraine, allowing the Pentagon to attack Russian mercenaries in Syria, imposing sanctions against Vladimir Putin's friends, and evicting Russian spies of solidarity with the United Kingdom after trying to murder a former double agent and his daughter on British soil.

It also fights hard in the closed doors to convince Germany and Europe not to allow the Nord Stream 2 pipeline, which will give Putin more leverage to influence Poland and other European countries.

Trump's "G8" intervention is nonetheless a grant for Putin's strategy to divest the United States and Europe. The attack on the US president is an insult to British Prime Minister Teresa May so early after a failed Kremlin attempt. Europe must confirm its anti-Russian sanctions, and the new Italian government is already skeptical. As for Trump Putin's "willingness to be at the negotiating table," the Russians will treat Trump's unilateral rebate as a sign of weakness.

At the day of 200 Frankenstein's anniversary, the pure and true personification of the crisis of personality, I’ll finish with quote of the  Mary Shelly’s masterpiece: “When falsehood can look so like the truth, who can assure themselves of certain happiness?”  

USD/JPY Is consolidating between Fibonacci levels

The USD/JPY pair is trading lower today, down with 0,4% at around 109.30. The Japanese yen is showing charm on falling European indices while the US dollar is losing strength ahead of G7 meeting.
Technically speaking the short term outlook remains neutral to bearish. On the four hour time frame the price is developing below its flat moving average. Currently the pair is consolidating between Fibonacci levels, below the 50% retracement of the May’s bearish slump, but right above the 38.2% level at 109.30. Stochastic is displaying sharp downward slope and is located within negative territory while RSI has lost directional stregth aroud its 38 level.
A daily close below the the current level will bring additional strength for bears to test the 109.00 region, which if broken will open doors for testing the monthly low at 108.10. Looking to the upside, bears would relieve around above mentioned 50% Fibo at 109.75.

 

EUR/USD Approaching 38.2% Fibo

The EUR/USD pair is performing excellent during the last four sessions keeping the uptrend and today surged to 1.1837, the highest level since late April. The bullish mode is supported by the QE easing hopes with upcoming ECB meeting next week. On the other hand the greenback is losing strength on latest Trumponomics release concerning the start of several countermeasures which will bring slowdown of economic growth.

Technically speaking the short term outlook remains neutral to bullish. On the four hour time frame the price is developing above its bullish 20-day SMA, which crossed to above the flat 100-day SMA.

The 200-day SMA currently coincides with the 38.2% Fibonacci retracement of latest April to May bearish run at 1.1855 representing the main bullish target. RSI is keeping upward slope around 65 level. Stochastic has entered into extreme overbought area but had eased around 90. 

As mentioned above the first and main target for the bulls is provided by the 38.2% Fibo at 1.1855 and eventual breakthrough will drag the pair towards next challenge at 1.1960 (the 50% Fibo of same retracement).