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Market Sentiment in Neutral But Busy Week Ahead for Confidence Indicators

Market Sentiment in Neutral But Busy Week Ahead for Confidence Indicators

2018-02-27 11:59:00
Martin Essex, MSTA, Analyst
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Trader confidence looking for direction

- Market sentiment is broadly neutral awaiting a batch of forward-looking indicators scheduled for the next few days.

- In this webinar, DailyFX Analyst and Editor Martin Essex looked at the main indicators likely to affect trader sentiment and market confidence in the days ahead.

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

Indicators to drive market sentiment

A host of market confidence indicators to be released this week will likely determine whether trader sentiment improves or worsens over the next few days. After a broadly positive set of indicators for the Euro-Zone released earlier today, the US and the UK will be in focus as both consumer and business confidence figures are released.

In the meantime, Wall Street stocks are continuing to rally, suggesting sentiment remains positive, but there has been little sign of selling of safe-haven assets such as gold and US Treasuries.

Dow Jones Industrial Average Price Chart, Daily Timeframe (October 4, 2017 – February 27, 2018)

Market Sentiment in Neutral But Busy Week Ahead for Confidence Indicators

Chart by IG

Gold Price Chart, Daily Timeframe (October 4, 2017 – February 27, 2018)

Market Sentiment in Neutral But Busy Week Ahead for Confidence Indicators

Chart by IG

--- 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.

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