Markets mixed after Trump postponed Iran decision - 6.20 日

The Dollar weakening is intact currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.1% on Thursday.

Both EUR/USD and GBP/USD continued their climbing yesterday as Bank of England held interest rate at 4.25% as expected while the Swiss National Bank cut rates to 0%. Both euro and Pound are higher against the dollar currently. USD/JPY reversed its retreating while AUD/USD reversed its advancing on Thursday with both the yen and Australian dollar higher against the Greenback currently.

US stock market futures are down currently ahead of markets reopening after a public holiday on Thursday. White House said yesterday president Trump would decide “within the next two weeks” on the possibility of launching a direct strike against Iran, given the uncertain prospects for talks with Iran. The three main stock benchmarks ended mostly down on Wednesday with the three main US stock benchmarks recording daily returns in the range from -0.1% to 0.13% as the Federal Reserve left interest rates unchanged for a fourth-straight meeting.

European stock markets futures are rising currently after closing lower on Thursday led by travel and leisure stocks. Asian stock indexes futures are mostly falling with Hong Kong’s Hang Seng defying the trend while data showed Japanese core consumer price index inflation, which excludes volatile fresh food prices, surged to a near 2-½ year high in May.

Brent is retracing lower today after president Trump postponed Iran strike decision by two weeks. Prices rose on Thursday. West Texas Intermediate (WTI) futures gained 2.7% but are lower currently. Brent futures surged 2.8% to $78.85 a barrel on Thursday.