Market Confidence Improves as Trade War Fears Recede
Market sentiment talking points
- Hopes that US officials will persuade President Trump not to start a trade war have boosted market confidence.
- In this webinar, DailyFX Analyst and Editor Martin Essex discussed sentiment among traders, consumers and businesses.
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Trader confidence increases
Market sentiment is improving on hopes that a trade war between the US and the rest of the world can be avoided, steadying stock prices and lessening demand for safe havens such as gold, the Swiss Franc and the Japanese Yen.
Meanwhile, confidence in the Euro has risen ahead of Thursday’s meeting of the European Central Bank despite the inconclusive weekend elections in Italy. Stability in Germany has helped sentiment too, with members of the Social Democratic Party voting to join Chancellor Angela Merkel in government.
--- Written by Martin Essex, Analyst and Editor
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.