Asian Stock Market - Expectedly, the short positions of the Asian markets were the profitable deal during the Asian session. Here are the specific figures:
The negativism gained during the Asian session will also shift to Europe. A good deal during the European Session should be directed to a share portfolio hedge rather than making profits. I look forward to a consolidation European session, especially by weighing the empty economic calendar on Monday.
FX Market - Today, the forex market will remain relatively calm, against the backdrop of the empty economic calendar and the lack of a foundation to drive markets. Today's strongest moves can be found at JPY, with Trump's decision to impose $ 200 billion. import tariffs against China. As for the euro at 12:00, we expect CPI data. The eurozone is expected to show inflation of 2%. As traders have already begun to accumulate tightening monetary policy, data other than expected will seriously shake the EUR. Worse data will lead to abrupt sales, and for better, the EUR will receive short-term support. Given the low volatility that is expected today in the FX market, TRY is likely to provide a good opportunity for risky traders. The currency remains under pressure, despite the Turkish central bank's decision to raise its interest rate to as much as 24%.
European Stock Market - Futures of European indices point to a negative start at the European Stock Exchange. In the course of trade, I expect European indices to close the gates with which they will open and enter into intraday consolidation. DAX30 will start 25 points lower, CAC40 with 8 points, and UKX, which is becoming more vulnerable to the upcoming Brexit by 10 points.
US Stock Market - Today, the US market will be driven mainly by Donald Trump's comments and actions. I expect negative expectations for Q3 in the banking sector to be maintained and large investment banks to trade down. As for the trade war with China ... the US indices all managed to be immunized and the experts confirmed it. "In the absence of bad news, the market wants to grow," says Craig Burke, Chief Investment Officer at Personal Capital. "I think investors are aware that trade negotiations will continue for a while. We are increasingly seeing a silent reaction to the appearance of fragmented news, "he says.
Today, the economic calendar will remain empty, and we expect the Eurozone CPI only at 12:00.
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