We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Bullish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.14% Gold: -0.53% Silver: -0.78% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/EGNbk1OlkQ
  • RT @TradeFloorAudio: UK Bookmaker Paddy Power cuts the odds of a Conservative Party majority at upcoming #GE2019 from 4/7 to 4/9 .... It ha…
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.41% 🇳🇿NZD: 0.12% 🇪🇺EUR: 0.09% 🇨🇭CHF: -0.02% 🇦🇺AUD: -0.02% 🇯🇵JPY: -0.17% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/0Z5fYqqkex
  • LIVE NOW: Join Market Analyst @DavidCottleFX for a look ahead at the major economic data which will drive Asia Pacific markets in the coming seven days. Register here: https://www.dailyfx.com/webinars/985612483?CHID=9&QPID=917720
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.19% US 500: 0.17% Germany 30: 0.11% France 40: 0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/GLPREk9GG5
  • Why financial market traders must monitor both monetary and fiscal policy?Find out from @MartinSEssex here: https://t.co/Fkzk88Y5gm https://t.co/BCtPSUCBO9
  • LIVE IN 30 MIN: Join Market Analyst @DavidCottleFX for a look ahead at the major economic data which will drive Asia Pacific markets in the coming seven days. Register here: https://www.dailyfx.com/webinars/985612483?CHID=9&QPID=917720
  • European Opening Calls From IG: #FTSE 7302 -0.02% #DAX 13229 -0.10% #CAC 5936 -0.06% #AEX 599 +0.03% #MIB 23521 -0.29% #IBEX 9248 -0.14% #STOXX 3708 -0.09%
  • 🇨🇳 CNY Foreign Direct Investment (YoY) (OCT), Actual: 7.4% Expected: N/A Previous: 3.8% https://www.dailyfx.com/economic-calendar#2019-11-18
  • Join @DavidCottleFX 's #webinar at 3:00 AM ET/8:00 AM GMT for your weekly update on the top Asia Pacific market drivers that traders should watch this week. Register here: https://t.co/HNf3Axw8s5 https://t.co/GukTnGJaxI
Market Sentiment Remains Positive | Webinar

Market Sentiment Remains Positive | Webinar

2019-03-05 12:30:00
Martin Essex, MSTA, Analyst and Editor
Share:

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.

More to read

How data like the PMIs can improve your trading

Using news and events to trade forex

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.

DISCLOSURES

News & Analysis at your fingertips.