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The most important things before the start of Europe - Money Flows

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The US ended with a sharp decline in the yesterday's session and Asian markets followed, albeit with not such big declines. The main reason - the commercial war. Trump said it might include addressing the Huawei issue as part of the future deal with China.

European indices seem to be preparing for a positive but moderate start at the last trading session this week. The moods are slightly optimistic that Trump's intentions to resolve the situation with Huawei can lead to a reduction in tension.

Against the backdrop of the seemingly empty economic calendar today, the sentiment will mainly be driven by speeches coming from Trump himself and China. Moreover, do we expect our resignation today? Rather, May's schedule for her surrender to the post of Prime Minister.

The speculation is that she will be out of office in June. It speculates that it is possible to convene a second referendum even if Brexit is canceled. Today pay particular attention to the British stocks and pounds that will be direct victims of the news about Brexit.

It is possible negative news about the trade war and Brexit would tilt the scales to the bears and the initial hopes for the Friday, comforting rally to end in the embryo. So if you trade, trade carefully, especially if you are on currency pairs of pounds.

Today we expect some oil recovery, a slight decrease in gold and a weakening of the dollar as the last movements for the week. A risk - off situation would, however, quickly change the mood that would lead to reverse movements. For those who follow the COT report, it will be published at 22:30 local time.


 Trader Martin Nikolov

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