Never miss a story from Martin Essex

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Martin Essex

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Market sentiment analysis:

Market sentiment

Trader sentiment is positive towards the US Dollar but negative towards the British Pound as traders show little appetite for stocks but, at the same time, see little need to buy into the traditional safe havens such as the Japanese Yen, the Swiss Franc and gold.

As the chart below shows, the Dollar index, which measures it against a basket of other currencies, is continuing the advance that began on June 25. You can read more about the Dollar here: USD Price Outlook: More Gains Possible Ahead of Fed Meeting

USD Index Price Chart, Daily Timeframe (January 30 – July 9, 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 charts of the major assets, at the confidence data on the calendar this week and at the latest signals from the IG client sentiment data.

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