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
  • The primary point of worry for the FOMC is labor and tomorrow brings the July NFP report out of the United States. Get your market update from @JStanleyFX here:https://t.co/fur0ydizSn https://t.co/dcKE8AQ7iC
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.01% Gold: -0.32% Silver: -0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/g6LLOsLFrU
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.39% 🇦🇺AUD: 0.38% 🇬🇧GBP: 0.29% 🇪🇺EUR: 0.03% 🇨🇭CHF: 0.00% 🇯🇵JPY: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/CR6bZ5U1S0
  • US Dollar Pre-NFP Price Action Setups: EUR/USD, GBP/USD, USD/CAD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2021/08/05/US-Dollar-Pre-NFP-Price-Action-Setups-EUR-USD-EURUSD-GBP-USD-GBPUSD-USDCAD-USD-CAD-Loonie-Levels.html https://t.co/0fxVqtsBnk
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.55% US 500: 0.44% FTSE 100: 0.03% Germany 30: 0.01% France 40: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/gZNgHVv9Ef
  • Heads Up:🇷🇺 Inflation Rate YoY (JUL) due at 16:00 GMT (15min) Expected: 6.6% Previous: 6.5% https://www.dailyfx.com/economic-calendar#2021-08-05
  • The price of crude oil is generally sensitive to rising tensions in the Middle East and might have been expected to have strengthened on the current hostilities in the region.Get your #crude oil market update from @MartinSEssex here:https://t.co/Choyp736tY https://t.co/F5V0B3y6F1
  • Ascending wedge, price support in view. Quantitative evidence is supportive of bullish view. Get your market update from @PaulRobinsonFX here:https://t.co/qQN80WFnQm https://t.co/g6Ev1YdVXr
  • fresh all time highs for the Nasdaq 100 $NQ https://t.co/exsisFWnUE
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.46% 🇦🇺AUD: 0.44% 🇬🇧GBP: 0.37% 🇪🇺EUR: 0.06% 🇨🇭CHF: 0.05% 🇯🇵JPY: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ns6UhB0xhu
Market Sentiment Still Positive on Vaccine Hopes | Webinar

Market Sentiment Still Positive on Vaccine Hopes | Webinar

Martin Essex, MSTA, Analyst

Market sentiment analysis:

  • Trader confidence is likely to remain high in the coming days despite a pause for breath.
  • While the stock markets have responded most to the news of vaccines to combat the coronavirus pandemic, the US Dollar is still looking weak and oil is still looking firm.

Traders still confident vaccines will lift the markets

Traders remain positive in the wake of the news of two coronavirus vaccines that could eventually bring the pandemic under control and lift the global economy out of its slump. While more profit-taking is likely short-term after the gains for stock markets in particular over the past nine days, it is unlikely to last long.

S&P 500 Price Chart, One-Hour Timeframe (October 30 – November 17, 2020)

Latest S&P 500 price chart.

Source: IG (You can click on it for a larger image)

In this webinar, I looked at the trends in the major currency, commodity and stock markets, at the forward-looking data on the economic calendar this week, at the IG Client Sentiment page on the DailyFX website, and at the IG Client Sentiment reports that accompany it. You might also like to check out the DailyFX Trading Global Markets Decoded podcasts.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me on Twitter @MartinSEssex

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES