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: Surging Crude Oil Price Hits Stocks Ahead of NFPs

Market Sentiment Webinar: Surging Crude Oil Price Hits Stocks Ahead of NFPs

Martin Essex, MSTA,

Market sentiment analysis:

  • Trader confidence has been hit by the surge in the crude oil price and other commodity prices that has raised fears of slower global growth and higher inflation.
  • In addition, the slide in the Facebook stock price has added to the downward pressure on US stock prices generally.

Trade Smarter - Sign up for the DailyFX Newsletter

Receive timely and compelling market commentary from the DailyFX team

Subscribe to Newsletter

Trader confidence weak but signs of recovery

Trader confidence looks to be returning only slowly after being hit by rising crude oil and other commodity prices, moves that have raised fears that the recovery in global growth could run out of steam and that inflation could climb strongly.

So while stock prices have suffered, safe-haven buying has boosted the US Dollar.

US Crude Oil Price Chart, Monthly Timeframe (November 2012 – October 5, 2021)

Latest US crude oil price chart.

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

Elsewhere, sharp market moves are unlikely ahead of the monthly US non-farm payrolls data due at the end of the week.

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