Money Flows - The most important things to watch out for today

Varchev Finance



Negative Wall Street results and volatile Asian assets are also spreading to Europe, where major stock indices will launch the last trading day of the week with losses.

Reasons for this are the bad economic news from China and Trump's comments that it will impose new tariffs on Mexican goods from June 10th. This once again raises concerns about the trade war.

In such a late cycle of the economy, the danger that the trade war can hurt the already tired growth turns from a guess into reality. This reality does not give investors peace and discourages them from trading cyclical stocks and reduces their risk of tolerance. Normally, cash flows are withdrawn from these risky assets and directed to hedging instruments such as JPY, Gold, Silver and Inverse ETFs.

Today, traders are expecting at the beginning of the day, at 09:00, retail sales data in Germany. But that's nothing compared to increasing global trade volumes, thanks to Mr. Trump. This is the reason why the yen and the Swiss remain stable, while the Canadian remains under pressure because of the prospect of barriers to USMCA negotiations.

Looking ahead, there are several economic news that deserve the comment, but nothing too important. Interesting will be the aforementioned inflation data with retail sales, but I believe they will confirm the further delay that we saw in France and Spain earlier this week.

In the United States, we expect increased volatility in the Uber shares, which yesterday reported their earnings for the quarter for the first time as a publicly-traded business. Earnings amounted to $ 3.1 billion after the first three months ended March 31, slightly higher than the $ 3.09 billion expected. The company rose by more than 3% in extended trading after last week's session.

Economic performance starts with the latest personal income and cost figures during the day.

The Department of Commerce will report April expenditures and revenues. The projections are that personal spending has increased by 0.2% last month, with personal income rising by 0.3% according to economists.

Oil prices sank 4% yesterday after less than expected oil depreciation and added to the bearish outlook caused by worsened US-China trade relations.

Traders will get some more clarity on US stocks today at 20:00.

 Trader Aleksandar Kumanov

Read more:

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


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy