Money Flows - Void calendar, a day off for the US and the UK

The Asian markets ended mixed at the start of the new week, with Trump's visit to Japan. Do not lose expectations of a trade deal between the two countries, Abe will wait until August. The European Parliament elections are over, with the fragmentation quite large for the next five years. The Christian Democrats have held positions, but there are new players on the stage, like Nigel Farage's Brexit Party. Populists and socialists could not be imposed.

Today is Memorial Day, which means that US markets will not work and Britain will have limited working hours. The other European markets will work. Early indications point to minimal but positive changes, considering the emerging lower liquidity for today, market participants will play cautiously. You can see the entire schedule here.

For today, we also have an empty economic calendar, which means that the markets will mainly be driven by the news again around Brexit and the trade war. European markets must also assimilate the results of the parliamentary elections. Because of the results, the expectation is that this will be seen as positive news.

Today, considering the lighter trading day, we expect some retreat on the US dollar. Since the beginning of the Asian session, the currency is under pressure, and today it seems that, given the absence of half the trading world, the dollar will get some sell-off.

If today we have a certain risk-on, we expect the yen to continue cheaper, but we see that gold keeps the upward trend. Petrol started the Asian session sharply, with more likely movement to go down due to the catalysts that have been in place since last week: the trade war, the risks of rising yields, and the uncertainty surrounding consumption levels.

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