Risk on sentiment before the start of the European session on the first day of the new week

With the start of the Asian session, market players are still at risk of appetite, the US dollar is strengthening its position, and the Japanese yen, Swiss franc and gold are giving way. The euro is holding positions and the pound remains under pressure due to growing uncertainty around Brexit. Today it will be clear whether Boris Johnson will take another blow. His proposal for a December 12 election is expected to be voted on, which is expected to be rejected. The EU has to decide whether to extend Brexit by Tuesday.

For metals, gold begins the new week with growth over the Indian Diwali holiday, when demand for gold jewelry, jewelry and their production is at their peak. Silver follows gold and platinum lags behind last week's impressive rally.

Bitcoin holds more than $ 9500 after its price jumped nearly 20% on Saturday.

Early indications of European indices point to a higher opening, following last week's rally. Today, only Mario Draghi has the latest statement for the month and his career, with which we would expect cash flows to move. Christine Lagarde takes over Draghi's position from November 1. At this stage, however, we will expect them to remain focused on risky assets - cyclical stocks, the US dollar. We expect them to withdraw today from the bonds and the defense sectors.

On the corporate front, today we will expect AT&T, Alphabet and T-Mobile's reports to be the most significant. The whole week will be extremely busy because of the reports, and in combination with the end of the month we will expect a lot of volatile movements because of the rotations and the positioning of cash flows by market participants - funds, investors, traders, banks.

The news that China and the US are nearing the completion of "phase one" of the deal will pull markets and shape risk sentiment today. We will expect further developments on the trading front as well as around the Brexit situation. However. trade carefully because the indices are on the verge of reaching their historical values.

Read more:

• Risk off after the escalation in the Middle East, markets are recovering in a period of calm
• The macroeconomic events for today’s trading calendar
• The US government has confirmed the attacks, Trump is calling an emergency staff meeting
• Has the war between Iran and the US started?
• US markets remain under pressure, traders await Iran’s response