Everything you need to know about next week 20-24.05.2019

Apparently the good start of the week was quickly overshadowed by the escalation of the trade war, which broke down the relieving rally in stocks and indices. Geopolitical tensions in the Middle East raised the risks of military escalation, which supported oil prices. We saw appreciation, but not panic. Market participants "did not bind" to the exaggerated mass-media information, with the whole focus now on OPEC + and their meeting in Jeddah this weekend. However, speaking of exaggeration, market participants seem to return to weekend stocks, focusing on Federal Reserve operations. The focus has shifted to the likelihood of interest rate cuts at the end of this year and the continuation of dovish policy. While US data continues to "impress", inflation still remains a problem for the Central Bank. That is what further encourages investors that the Federals will cut interest rates. On the Old Continent, beyond La Mancha, Theresa May gives signals to the government and parliament that she is ready to give up her position in the name of the cause, and in the beginning of June she will re-cast her Brexit proposal.

So ... What to expect in the next seven days? Still uncertainty about topics that continue to harass markets. The battles of the Communist War began to take on a more aggressive character, but against the backdrop of encouraging rhetoric it could reach consensus. And next week we expect statements from both sides. With interest, we expect the outcome of the OPEC meeting this weekend, with surely a volatile oil movement opening on Monday. Next week, talks between Theresa May and the Labor Party will continue. So far, however, they have not made any progress.

From a fundamental point of view, we expect a "dynamic" beginning of the week, as early as the Asian session, prepare for the GDP data from Japan. Tuesday mark your sales of existing homes for the US, and Powell's statement at 2:00 am, Bulgarian time. On Wednesday, oil traders would prepare for API data at the start of the Asian session, followed by retail sales to New Zealand and Japan's trade balance. Later in the day open the graphs of the pounds because we have a canonade of data for the UK - PPI, CPI, current house prices. Oil traders will once again be "nailed" during the US oil inventory session, and at 21:00 there are minutes of the FED. Thursday will not be lagging behind, as before the start of Europe, we will have GDP from Germany, UK retailing at noon, and the US will have to assimilate data from aid applications, PMIs and new home sales. Friday, May 24th, it will not be a venture that everyone is waiting for. The Asian session will start with New Zealand's trade balance, and in the afternoon we are waiting for US orders for durable goods orders. Black Gold Traders will have to wait until 20:00 for Baker Hughes's oil platforms.

Use the weekend to plan your treasure moves well, take into account the coming events and be alert to any news and rumors about Trade War, Brexit and OPEC.

Read more:

• Risk off after the escalation in the Middle East, markets are recovering in a period of calm
• The macroeconomic events for today’s trading calendar
• The US government has confirmed the attacks, Trump is calling an emergency staff meeting
• Has the war between Iran and the US started?
• US markets remain under pressure, traders await Iran’s response