News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • 🇺🇸 Factory Orders MoM (OCT) Actual: 1% Expected: 0.8% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2020-12-04
  • Also, there are Google ratings on the Federal Reserve. I can see the finance trolls were already aware of this detail...
  • Has anyone brushed off the Janet Yellen bat signal after the NFPs miss? I'm sure it still works. Just make sure to adjust it the approximate mile from Federal Reserve to US Treasury building
  • 🇺🇸 Factory Orders MoM (OCT) Actual: 1.0% Expected: 0.8% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2020-12-04
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.89%, while traders in NZD/USD are at opposite extremes with 74.03%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/EIHwsqOtHo
  • Kudlow calls for extra $300 per week in unemployment benefits for several months $USD $SPY
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.95% Silver: 0.78% Gold: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/RZ3wURW2R5
  • US NFP headline at 245k, notably missing expectations of 460k, while the prior reading had been revised lower to 610k from 638k. Get your #NFP update from @JMcQueenFX here:https://t.co/TwjhsvHRxC #JobsReport https://t.co/qSdJfdNHXT
  • Heads Up:🇺🇸 Fed Bowman Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-12-04
  • Heads Up:🇺🇸 Factory Orders MoM (OCT) due at 15:00 GMT (15min) Expected: 0.8% Previous: 1.1% https://www.dailyfx.com/economic-calendar#2020-12-04
Market Sentiment Continues to Improve as Early-February Fears Recede

Market Sentiment Continues to Improve as Early-February Fears Recede

2018-02-20 11:15:00
Martin Essex, MSTA, Analyst
Share:

Trader confidence returns

- Market sentiment was dented earlier this month but the latest price moves suggest it is now returning.

- Looking ahead, much will depend on a batch of forward-looking indicators scheduled for the next few days.

Learn how to trade like an expert by reading our guide to the Traits of Successful Traders

New to forex and want to find out more about trading? Take a look at our Forex Trading Guides

Market sentiment improves

Traders have become more confident in the markets over the past few sessions after a poor start to February. Taking Wall Street as an example, the Dow Jones Industrial Average dropped from a high of 26,616.71 on January 26 to as low as 23,360.29 on February 9; a drop of more than 3,000 points. Since then, howere, a rally has taken the benchmark index back up above 25,000 as investors have committed more money to the market.

Dow Jones Industrial Average Price Chart, One Hour Timeframe (January 25 – February 20, 2018)

Wall Street stock prices

Chart by IG

Similarly, the VIX “fear index” that measures the volatility of US stocks has eased from the highs touched earlier this month and the US Dollar, as measured by the Dollar index, has bounced modestly after sliding to its lowest level for more than three years as US Treasury note yields have climbed.

Looking ahead, there are plenty of forward-looking indicators on the calendar that could help determine the future direction of asset prices. The ZEW survey of German expectations in February, released earlier this session, came in above the predicted level but lower than in January.

Indicators due

Now attention turns to the Euro-Zone consumer confidence release due later today, followed by a raft of purchasing managers’ indexes Wednesday for Japan, France, Germany, the Euro-Zone and the US. Thursday then sees Germany’s Ifo index, the US leading index and the Kansas City Federal Reserve’s gauge of manufacturing activity.

However, CNN Money’s Fear & Greed Index suggests that investors are still far from confident. With a reading of just 18, it currently implies that “extreme fear” remains the emotion driving the markets.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

For help to trade profitably, check out the IG Client Sentiment data

And you can learn more by listening to our regular Trading Webinars

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES