Sentiment talking points:
- Sentiment in the financial markets is better than it has been for a while.
- However, worries about global trade in general and US/China trade in particular is preventing a full recovery.
- In this webinar, I discussed these issues and market confidence more generally
Check out the IG Client Sentiment data to help you trade profitably.
And for a longer-term outlook take a look at our Q2 forecast for USD.
Sentiment in the financial markets is currently better than it has been for a while but so far money is neither flooding into them nor being withdrawn. One reason for this anemic rally could be the persistent background concerns about US/China trade, with the US ambassador to China warning that the two sides are still “very far apart”.
Key indicators of market confidence such as the Wall Street stock indexes and the AUDJPY exchange rate are currently moving sideways while other markets are consolidating after their recent gains and losses.
If you’d like more details, have a listen to the recording above of my latest weekly webinar on trader sentiment.
Resources to help you trade the forex markets
Whether you are a new or an experienced trader, at DailyFX we have many resources to help you: analytical and educational webinars hosted several times per day, trading guides to help you improve your trading performance, and one specifically for those who are new to forex. You can learn how to trade like an expert by reading our guide to the Traits of Successful Traders.
--- Written by Martin Essex, Analyst and Editor