Money Flows before the start of European trading

Today, the focus will be on US GDP, and now cash flows are starting to set aside for the forthcoming FOMC meeting and interest rate cuts next week. The ECB is disappointed, the Fed is in a position to justify expectations that there is a trend of loosening monetary policy on a global level. However, after Draghi's statement yesterday, the markets responded as if the Fed were to step back. We are not talking here about interest rates, but about the subsequent policy of a possible lightening of fiscal policy.

Poor reports are one by hand, but no matter what they are or what the economic data is, markets want a rate cut. The sale from yesterday during the European session, the US and the state of Asia were in the realm of normal and nothing terrible happened.

Today we expect the markets to start with fresh optimism that the Fed will not de facto disappoint. Therefore, early indications of key European indices point to a higher opening, and US futures are also up. In the process of positioning of market participants, we expect the US dollar to continue to rise, and gold and francs will fall cheaper until the Fed meeting.

Brexit is back in focus, although Parliament is on a summer vacation by September. Yesterday, from Brussels, the brutal enthusiasm of the new Prime Minister of Britain for a deal, but without a decision on the Irish border, No - Deal Brexit will again hit investors in Europe. Johnson's mission has become difficult since the first day, which may give a chance to vote for a backstop cancellation.

On the merchant front, rhetoric continues to unmistakably astonish the markets will happen a deal or not. Things we've seen before that month when they stopped the talks.

Today we expect oil to record a positive session against the backdrop of the still-existing tensions in the Middle East.

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