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
  • Huawei's CFO Meng Wanzhou reached deal with the US Dept of Justice to return her to China - Dow Jones
  • Cleveland Fed President Loretta Mester says: - sees US GDP in 2022 between 3.75 and 4% - Supports tapering in November and concluding over the first half of 2022 - After liftoff, accommodative policy needed for some time
  • Fed Chairman Jerome Powell doesn't comment on the growth forecast or monetary policy in his introductory remarks
  • Kansas City Fed President Esther George says: - The labor market friction is fading barring a resurgence of virus - A 'normal' economy is likely to remain elusive for some time - Asset buying effects complicate the judging rate change plan
  • The risk rally that charged the S&P 500 and brethren post-FOMC has stalled into Friday's open. DailyFX's @JohnKicklighter discusses what is driving markets post Fed👇 https://t.co/qNuVaDrZPe
  • 🇺🇸 New Home Sales MoM (AUG) Actual: 1.5% Previous: 6.4% https://www.dailyfx.com/economic-calendar#2021-09-24
  • China has announced that they will be cracking down on Cryptocurrency mining and while this has been a reoccurring theme, regardless of that fact Get your market update from @JMcQueenFX here:https://t.co/FluWtTTM93 https://t.co/GnBLLucMs3
  • Looks like they couldn't hold the 8.8000 line for $USDTRY. Record high exchange rate (favoring Dollar over Turkish Lira) despite a still-17.75 percentage point differential in their benchmark rates... https://t.co/7FrlF8El1O
  • 🇺🇸 New Home Sales MoM (AUG) Actual: 1.5% Previous: 1% https://www.dailyfx.com/economic-calendar#2021-09-24
  • RT @elerianm: Thank you @LizAnnSonders for this and, more generally, for all your informative and insightful tweets. Two things to add from…
Market Sentiment Still Fragile Ahead of Fed, Corporate Earnings | Webinar

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

Martin Essex, MSTA, Analyst

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.

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)

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

Chart by 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.

--- 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