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Positive US Dollar Sentiment Dominates Markets | Webinar

Positive US Dollar Sentiment Dominates Markets | Webinar

Martin Essex, MSTA, Analyst

Market sentiment analysis:

  • Confidence in the US Dollar is the dominant market theme at present thanks to hopes of a breakthrough in the US-China trade talks and a tentative deal to avoid another partial US government shutdown.
  • That is lifting USD against the Euro, the Japanese Yen and the British Pound.

US Dollar confidence high

Sentiment towards the US Dollar remains positive as US congressional negotiators reach a tentative deal to avoid another partial US government shutdown and US officials arrive in Beijing ahead of high-level trade talks.

In response, global stocks and the US Dollar continue to climb, with USD up against all its major rivals.

US Dollar Index Price Chart, Daily Timeframe (October 26, 2018 – February 12, 2019)

Latest US Dollar price chart.

Chart by IG (You can click on it for a larger image)

In this webinar I looked at the latest news, at the charts of key currencies, stock indexes and commodities, and at the forthcoming sentiment indicators on this week’s calendar.

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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