Trading Sentiment Poor, USD In Demand | Webinar
Trading sentiment analysis:
- Traders in the financial markets are continuing to seek safe havens as confidence remains weak.
- The US Dollar remains the “go to” currency of choice.
Market confidence low, USD benefiting
Traders in the financial markets are continuing to seek the safety of the US Dollar amid a lack of confidence in other assets. The Euro remains out of fashion because of Italian Budget worries while GBP continues to suffer from Brexit concerns.
USD Index (DXY) Price Chart, Hourly Timeframe (November 7-13, 2018)
USD is also benefiting from rising US interest rates, which are expected to be increased again next month, even though hopes are rising that the US and China may be able to settle their differences over trade. Meanwhile, the price of crude oil continues to slide, as do US tech stock prices.
In this webinar, I looked at all the major markets and at this week’s most important sentiment indicators.
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--- Written by Martin Essex, Analyst and Editor