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Market Sentiment Remains Positive | Webinar

Market Sentiment Remains Positive | Webinar

Martin Essex, MSTA,

Market sentiment analysis:

  • Weakness in the global economy, particularly in China and the Eurozone, is keeping market sentiment positive on hopes that the slowdown will prompt central banks to increase their economic stimulus measures.
  • However, the US trade wars and Brexit are preventing the markets from tearing higher.

Traders still optimistic

Measures by China to stimulate economic activity, hopes that the European Central Bank will follow suit in due course and the possibility of lower interest rates in Australia in future are keeping the financial markets buoyant, with global stocks still leading the way higher.

Market sentiment therefore remains positive, despite ongoing concerns about trade wars and Brexit, with the US Dollar continuing to head higher and gold easing back.

In this webinar, I looked at the charts of all the major markets, at the confidence indicators on this week’s calendar and at the signals provided by the IG client sentiment data.

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--- 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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