News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • RBNZ: We will soon begin consulting on ways to tighten mortgage lending standards More below: https://t.co/XVbcd0uVPU $NZD
  • RT @BrendanFaganFx: USD/JPY Under Pressure Following Comments from Fed's Waller $USDJPY #FOMC #FederalReserve #trading Link: https://t.c…
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.34% 🇦🇺AUD: 0.26% 🇪🇺EUR: 0.03% 🇳🇿NZD: -0.00% 🇬🇧GBP: -0.14% 🇨🇦CAD: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/VpNM0on6b3
  • Bitcoin declines heavily into the close of the US session, now trading below $39,000 $BTCUSD https://t.co/o32jeeb0Eg
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.25% Gold: -0.07% Silver: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/noPWdIF3jS
  • South African rand up 20c against the dollar. Riot aftermath anticipated in upcoming economic data. Get your $USDZAR market update from @WVenketas here:https://t.co/vQY2U5Cs2H https://t.co/EAB6k8ZgXz
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.64%, while traders in France 40 are at opposite extremes with 78.69%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/W2WkFr6Nlr
  • US Treasury Sec. Yellen: - Treasury will be unable to invest fully in "G Fund" for federal retirees beginning on Monday
  • US Treasury Sec. Yellen: - The Treasury has begun additional steps on debt limit - I am urging Congress to act quickly on the debt ceiling
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: US 500: 0.02% Wall Street: 0.01% France 40: -0.30% FTSE 100: -0.35% Germany 30: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/9sYWVy1DWz
Market Sentiment Poor But Chinks of Light Remain | Webinar

Market Sentiment Poor But Chinks of Light Remain | Webinar

Martin Essex, MSTA, Analyst

Market sentiment analysis:

  • The volatility of global stocks and more rises in the gold price suggest market sentiment is poor.
  • However, in the forex markets there has been little sign of a surge in demand for haven currencies such as the US Dollar, Japanese Yen and Swiss Franc.

Trader sentiment down but not out

While some measures of market sentiment suggest a decline in trader confidence, there are few signs yet of a surge in demand for safe-haven currencies, although the strength of the gold price implies that some traders at least are opting for the relative safety of the pressure metal.

Both the Euro and the British Pound are more stable than might be expected even though fears of a global recession can be seen in the prices of industrial metals such as iron ore and copper.

Copper Price Chart, Daily Timeframe (April 25 – August 27, 2019)

Latest copper 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 currencies, stock markets and commodities, at the sentiment indicators on the calendar this week and at the latest signals from IG retail client positioning data.

Resources to help you trade the 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