They divide our hours from the start of European markets, leaving cash flows in the shadow of the forthcoming FOMC report today at 9pm and the Fed interest rate decision, as well as the subsequent FOMC press conference at 9:30 pm.
The European premier remains rather flat, with minimal changes being held in positive territory. Today, we will expect a rather tight session to the event of the evening, unless there is news about the talks that will shake up the markets and change the risk of sentiment. We are expecting a cautious start to the European session today, with the only currencies in Europe the pound registering a higher increase after recent polls that Boris Johnson will win the election by a large majority.
Early indications of European futures indicate an opening of 0.1 – 0.2% in positive territory.
Defensive assets are slightly inferior, with the yen and gold and the Swiss franc in negative territory. Oil also begins the day with a decline. Especially for oil traders today at 13:00 we have an OPEC report on article activity and production.
Trader Martin Nikolov