Market Sentiment Negative Pre-FOMC | Webinar
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Market sentiment analysis:
- Trading sentiment remains poor as the year draws to a close.
- However, the Federal Reserve could give it a lift if it’s dovish on interest rates this week.
Traders in stocks, commodities and FX are almost uniformly pessimistic as business begins to dry up ahead of the holiday but confidence could yet receive a boost if Federal Reserve Chair Jerome Powell strikes a dovish note Wednesday after the expected quarter-point increase in US interest rates by the Fed.
In this webinar I looked at sentiment across the financial markets, at the economic data to keep an eye on in the days ahead, at the charts of all the major traded assets and at how prices might move near-term.
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--- Written by Martin Essex, Analyst and Editor
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.