Money Flows before the start of the European session

04.07.2019 / 08:00

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The mood rose as this had a pretty positive impact on the US session yesterday. DOW jumped 179.32 points to finish the day at 26,966, so close to a new record. Nasdaq Composite added 0.7% to its value and closed at 8,107, while the S & P500 also added about 0.7% and closed at 2995.82. The session in Asia also recorded quite good promotions.

Wall Street today is a holiday because it is a national holiday.

European futures point to a higher opening today, not optimism at this stage is in the markets. We expect the mood in Europe to remain high as well, and the rally and the European stocks continue.

We are waiting for the relationship between Larry Kudlow and the Chinese side of the talks because the White House said he will face face-to-face meeting with them "soon".

Investors will monitor the progress of the negotiations as the two economic powers still remain in the trenches of the war, and Trump said it does not intend to impose new tariffs on Chinese goods at this stage. This, of course, was the welcome of Xi, who took the same measures, maintaining the good tone. Despite the apparent truce, however, nothing has yet been decided.

Poor data on the US economy yesterday encouraged investors to continue believing that the Federal Reserve would cut interest rates this month. The euphoria really borders on this stage with pure greed, but there will be a moment when you will have to make profits. The markets are now in great inertia, so be careful with the long positions and look for any news and rumors about the trade war, especially. The Brexit front for the time being is quiet and OPEC seems to have understood the reduction in oil yield. Tensions in the Middle East are also down for now.

Today, American players will be missing, and the economic calendar is almost empty. Today's only reflection would be whether retail sales for the Eurozone, which will be released at 12 noon.

Trader Martin Nikolov

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Money Flows before the start of the European session

London

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