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Trader Sentiment Patchy But Still Broadly Positive | Webinar

Trader Sentiment Patchy But Still Broadly Positive | Webinar

Martin Essex, MSTA, Analyst

Market sentiment news and analysis:

  • Traders are opting for riskier assets and shunning safe havens amid generally quiet holiday business.
  • Optimism remains widespread ahead of this week’s decisions on interest rates by the Federal Reserve and the Bank of England.

Our trading forecasts for Q3 have been published; you can find them here.

And check out the IG Client Sentiment data to help you trade profitably.

Trader sentiment upbeat

Demand remains firm in the markets for riskier assets like stocks, with AUDJPY – a key indicator of confidence – continuing to benefit and less demand for safe havens.

AUDJPY Price Chart, One-Hour Timeframe (July 27-31, 2018)

Latest AUDJPY price chart.

Chart by IG

While the interest rate decisions by the US Federal Reserve and the Bank of England, plus Friday’s US employment report, are the main events of the week, there are plenty of important sentiment indicators due too.

In this webinar I looked at all the main financial markets and how they are likely to move in the days ahead.

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

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

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

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