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  • After a gap and crawl higher to start the trading day, the $SPX is now within a tenth of a percent from record highs. This index is working on its 6th consecutive advance https://t.co/VyEQuPClHb
  • The era of UK Quantitative Easing (QE) is coming to an end and the Bank of England (BoE) may well start increasing interest rates in early 2022 as inflation begins to stalk the UK economy. Get your market update from @nickcawley1 here:https://t.co/rYFNS9hcsT https://t.co/9nrLVRXlD7
  • Paul Tudor Jones is a legend, and dropped some bombs today re: inflation, outlook, etc said #Bitcoin was his preferred inflation hedge over Gold atm Him backing $BTCUSD was a big deal to me last year, at the time it was working on that 10k figure. https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/05/07/Bitcoin-Breakout-BTC-to-Fresh-Highs-JS-as-PTJ-Makes-Bull-Case-Bitcoin-to-USD.html
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 1.42% Gold: 0.51% Oil - US Crude: -0.91% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/85taidXVz4
  • it's not Bitcoin, but $ETH is working on its own breakout at the moment back above the 4k marker after the #Bitcoin ATH https://t.co/MC3el7SaMS
  • $BTCUSD hits $66,000. Everyday is Bitcoin day
  • $BTCUSD hits 65,000. Happy Bitcoin day everyone
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 91.49%, while traders in USD/JPY are at opposite extremes with 74.20%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/TBOioxBaqY
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 1.67% Gold: 0.62% Oil - US Crude: -1.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3L8HLnD5v8
  • #Bitcoin - Daily Chart - breakout to ATH . . Watch the close. . . https://t.co/W75XZqabYP
Market Sentiment Negative Pre-FOMC | Webinar

Market Sentiment Negative Pre-FOMC | Webinar

Martin Essex, MSTA, Analyst

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 pessimistic

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.

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:

--- 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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