What will move the markets next week 13-17.05.2019

We definitely witnessed a dramatic week in which we witnessed the escalation of the trade war. Negotiations have not achieved the expected results and disappointed many, and the US has raised its tariffs against Chinese goods. We still have to see the Chinese side, but relations have deteriorated considerably.

We expect the negative moods to continue next week by getting ready for any news this weekend, which would be a prerequisite for Monday's markets to open more volatile than normal. Given the risky asset sale, which is likely to continue next week, we expect safe heaven assets such as gold, frank and yen to continue rising and the dollar continue to weaken.

With respect to industrial metals and raw materials such as copper and oil, we expect to remain under pressure due to the deteriorated sentiment. The failure of the talks and the raising of tariffs puts a shadow over the once again fragile recovery of the world economy, suggesting that the demand for oil and industrial metals will continue to decline.

On the Cripp Front, Bitcoin continues to progress rapidly to $ 7,000. Having managed to beat the $ 6,000 limit, the price for the moment continues to attract strong interest. Speculative or long-term, however, is yet to be understood.

Brexit's wave continues to shake the economy of the UK, with the consequences already growing stronger - the GDP figures for today, for example. Keep in mind that it is a lagging indicator that measures the state of the economy for a past period. Next week, we expect negotiations between Theresa May and Corbyn to continue, with the two countries trying to reach a consensus on customs changes in a week.

The next week from a fundamental point of view again Monday will be a waste of data, as from Tuesday we are expecting data again mainly for the UK. Wednesday, during the Asian session, we expect China data and Eurozone GDP in the day, Canada's inflation and industrial output for the United States. Thursday will be a bit lighter, but during the Asian session we will be burdened with Australia data, and we expect the initial US aid requests during the day. Friday we end with inflation for the Eurozone.

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
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• Has the war between Iran and the US started?
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