Negative Money Flow before the start of the European Session

Regardless of Wall Street's euphoria, which somewhat shifted to Asia, Europe does not seem to be as hopeful and sure about any positive developments after the Trump-Jinping meeting, as well as Jerome Powell's comments on monetary policy.

Here are the indicative levels of European markets:

DAX: -30 points

FTSE: -34 points

CAC: -20 points

The start of Europe seems hesitant. On the Old Continent we have a sick topic that has been over the markets for nearly two years and it's Brexit. Events near the negotiations will continue to weigh on the European indices and the pounds. BOE CEO Mark Carney yesterday at his press conference reported a really gloomy scenario for the development or rather shrinkage of the British economy in chaotic Brexit. "The Project of Fear," as critics call it, is to convince critics and voters to break for a smooth and healthy transit period. Ie. - accept Theresa May's proposal on 11.12.2018.

Tomorrow, the G20 meeting in Argentina will begin tomorrow, which will be overshadowed by the crucial meeting between Donald Trump and Xi Jinping. All eyes will be directed at them to lay the foundations for resolving the trade conflict.

Today, we have a busy calendar, and at 10:00 we look forward to Mario Draghi's press conference, which is expected to suggest a little more or confirm future changes to the ECB's policy, mostly affecting their buy-back program and their vision of starting the raising interest rates from 2019.

Photo: Pixabay

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