Sentiment Weakening Across the Financial Markets | Webinar
Market sentiment analysis:
- Confidence in the markets is weakening, with traders moving from “risk on” assets like stocks to the relative safety of the US Dollar and the Japanese Yen.
- Although not yet extreme, currencies like the Australian Dollar are suffering.
Trader confidence falling
Traders are moving from riskier assets like stocks to the relative safety of havens such as the US Dollar and the Japanese Yen. While not yet a flood, confidence is trickling away on concerns about global economic growth, the US-China trade row and the partial US government shutdown.
The Euro is also under pressure from the latest ZEW survey. However, the British Pound is holding its ground on a positive employment report despite the lack of a breakthrough on Brexit.
In this webinar I looked at the charts of the major markets, the forward-looking indicators on the calendar this week and the IG client sentiment data.
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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.