www.varchev.com

Money Flows before the start of European trading today

It is a quiet start to the new trading week, with markets looking quieter than usual. But I feel that things are going to change quickly, because after just a few days we have the ECB’s decision on the EU base rate (Thursday), with market participants expecting a 20 basis point drop in rates.

In addition, I expect the risk of sentimentality to remain the determining factor driving stock and FX market quotes, at least until the proposed US-China trade meeting in October.

After a very strong week, no correction has been ruled out for the US stock indexes, and in days like today (without major economic news), traders will trade mostly common rhetoric – trade war, shrinking global economy and rumors of recession. With so many negatives, the positives remain limited in number, so it is entirely possible for us to see market downturns, at least until a predetermining catalyst emerges to re-instate confidence in traders.


 Trader Aleksandar Kumanov


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance