Money Flows before the start of the European session

20.03.2019 / 07:30

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Today, European markets are expected to start slightly lower than their previous value, after mixed news yesterday about trade talks, and today investors will be focused on the FOMC. The US Session was about to record another positive series, but it was discontinued after the Chinese media announced that the Chinese delegation planned to drop some of the conditions set by the United States.

Later on, counter-news came out that the negotiations were going very well and that Trump expects a deal by mid-April. The refutation of the first news was argued that it is typical for the Chinese to make such tactical "backward" moves at the end of the negotiations in principle. Analysts believe that this is actually a good sign that the talks have the potential to finish off, and that it is typical for the Chinese not to show signs of weakness. However, the shares ended slightly mixed, with the upcoming FOMC overweight on indices. Only NASDAQ ended in positive territory because of Google and Nvidia.

In Asia, stocks also traded at lower levels due to the news of the negotiations and the FOMC, and this is expected to remain as a sentiment for both Europe and the US later on to the event. What to expect?

Holding the patience on the part of the Fed, positive rhetoric about the Bank's balance sheet and updating the dot plan. The more dovish, the better for stocks and indices, but not for the dollar. For Europe, we also have Macroeconomic data from the UK, and in relation to Brexit, the third vote to be held today under the May agreement was rejected on Monday. Now the EU puts pressure on the Prime Minister to decide how he wants to extend Brexit in the shortest possible time.

Indicative opening prices of major European indices:

DAX: 11691 -57 points

FTSE: 7286 -7 points

CAC: 5403 -4 points

Trader Martin Nikolov

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Money Flows before the start of the European session

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