Daily Alert – Tuesday 2nd June 2020: Trump threatens to use military force; markets unperturbed

Mark Nugent Daily Alert, June 2020

Daily Alert – Tuesday 2nd June 2020: Trump threatens to use military force; markets unperturbed

Late last night (2330 BST) US President Trump suggested he may use military force to quell the rioting currently widespread across the US. US equity index futures dipped slightly but soon recovered.

The week started risk-on and so far seems to be maintaining this sentiment. Currencies remain very predictable, with the USD and JPY falling, and commodity currencies rising. I enter my third AUDJPY long in three weeks.

Equities are grinding upwards, with the biggest moves in the Euro50 and Japan225.

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