With bonds and stocks closed (although the e-mini S&P did move lower by 0.93%), the focus remained on the Israel-Iran conflict and the potential for US involvement.
The question that continues to be asked is "Will the US be dragged into the conflict?".
However, questions led to the topic of interest, and the response - the direct message - from the President was "based on the fact that there is a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks"
"Based on the fact that there is a substantial chance of negotiations that may or may not take place with Iran". "Substantial chance?". I think there is a 100% chance that negotiations may or may not take place with Iran. Either it is or it isn't equals 100%."I will make my decision whether or not to go within the next two weeks". Ok. "Within the next two weeks" says something could happen tonight, tomorrow or out two weeks. What is the "something"? To "go" or "not to go". Go where? I presume into battle with Israel against Iran
Generally speaking, the comment was a big nothing burger full of ambiguity..
Anyway, European allies will be speaking with Iranian officials on Friday calling for peace and negotiation. Trump said yesterday, Iran wanted to talk. Iran said they did not say that.
Looking at the US dollar, it is closing mixed vs the major currencies:
EUR -0.14%JPY +0.22%GBP -0.34%CHF -0.33% (despite the SNB cutting by 25 bps to 0.00%CAD, +0.04%AUD +0.51%NZD +0.65%German Dax - 1.14%France's CAC - -1.34%UK FSE -0.58%Spain's Ibex -1.28%Italy's FTSE MIB -1.21%
Gold is unchanged at $3370.40. Crude oil is up $0.38 at $73.88 after trading as high as $75.70. Bitcoin is unchanged.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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