Skip to Content
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
Market Sentiment Still Fragile Ahead of Fed, Corporate Earnings | Webinar

Market Sentiment Still Fragile Ahead of Fed, Corporate Earnings | Webinar

Martin Essex, MSTA,

Market sentiment analysis:

  • Trader confidence is still brittle, but not quite as poor as it was last week, as the markets wait for Wednesday’s Federal Reserve decision on US monetary policy and a deluge of US corporate earnings.
  • Against this background, range trading is still widely called for, although there are trending markets to find.
EUR Forecast
EUR Forecast
Recommended by Martin Essex, MSTA
Download our Q3 Euro forecast
Get My Guide

Traders wait for Fed

Many traders are waiting for Wednesday’s news on US monetary policy from the Federal Open Market Committee and for more US corporate earnings to emerge before taking directional positions in the markets, leaving range-trading as the order of the day for many.

Nonetheless, Bitcoin continues to provide volatility and the US stock markets remain close to their record highs despite the odd setback.

S&P 500 Price Chart, Daily Timeframe (March 28 – July 27, 2021)

Chart by IG (You can click on it for a larger image)

Top Trading Opportunities in Q4
Top Trading Opportunities in Q4
Recommended by Martin Essex, MSTA
Download our analysts’ top tips for Q3
Get My Guide

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.

--- 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