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 Webinar: Will Wall Street Rally After Evergrande Setback?

Market Sentiment Webinar: Will Wall Street Rally After Evergrande Setback?

Martin Essex, MSTA,

Market sentiment analysis:

  • Trader confidence has been hit by fears that China’s Evergrande could be on the brink of default, with Wall Street stocks hit hardest.
  • However, it is not yet clear whether there will be more selling to come or whether dip buyers will take stock markets up to new record highs.

Trade Smarter - Sign up for the DailyFX Newsletter

Receive timely and compelling market commentary from the DailyFX team

Subscribe to Newsletter

Trader confidence hit by Evergrande fears

Trader confidence, particularly on Wall Street, has been damaged by fears that China’s Evergrande property company could be on the brink of default and that more property companies could be targeted by China’s regulators – potentially harming the Chinese economy.

S&P 500 Price Chart, Daily Timeframe (January 4 – September 21, 2021)

Latest S&P 500 price chart.

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

Elsewhere, the US Dollar has benefited from safe-haven buying but other riskier assets have suffered alongside stocks.

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.

Trading Forex News: The Strategy
Trading Forex News: The Strategy
Recommended by Martin Essex, MSTA
Trading Forex News: The Strategy
Get My Guide

--- Written by Martin Essex, Analyst

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