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BREXIT, Trade war, real war and bad weather [The Upcoming Week]

October 13, 2019

Over the weekend we have had two important possible market movers occur, the first one is an escalation of tensions between Turkey and the USA because of artillery fire from the Turks on the Americans and the second is an earthquake and a massive typhoon in Japan. 

 

Like the above is not enough... this wee we continue with Brexit, trade wars and economic data, this is going to be another big trading week.

 

Monday kicks off with Holidays in major western exchanges... but China will be working and they will be releasing some trade data, Brexit will surely be at attention and the market players will be looking for any comments on the recent trade war talks with the US and China.

 

News wise in the US, we will look out for the last Fed speeches before the blackout period begins, we also get Retail Sales data.

 

In the euro zone we get a set of industrial production figures for August and the important ZEW data from Germany.

 

The UK will be the busiest this week aside from the all important Brexit talks... we also get a lot of data and speeches from the Bank of England.

 

As far as the previous week we have 3 important things happen... but not end and they will continue to dominate the markets,

 

All in all It was a roller coaster of a trading week.  

 

US and China had their high levels talks and our strategy was to "buy the rumor, sell the fact". We are now short on AUD, DJ30 and long on Gold and JPY because of this.

 

The minutes from the most recent policy meetings showed a great deal of disagreement among the governing councils of the ECB and the Fed.

 

Ireland and the UK indicated they could find a solution for Brexit. The talks continue!

 

Thats it, have a safe and successful trading week!

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