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  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 2.28% Gold: 0.78% Oil - US Crude: 0.14% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YIgPqIQiO8
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  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: France 40: 0.33% US 500: 0.14% FTSE 100: -0.04% Germany 30: -0.05% Wall Street: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0EWmhOp4AD
  • It is our (mine as well) default habit to look for the breakouts with pressurized trend potential, but current mkt conditions don't support those kinds of setups. That said, $GBPUSD still looks like a good range picture https://t.co/3kcg34Mw0B
  • $EURUSD has continued higher today amidst further US Dollar weakness following the CPI print and a strong 30yr bond auction. The pair is currently trading around the 1.1940 level, at a three week high. $EUR $USD https://t.co/GTIUH2dxov
  • US 10yr Treasury yields have fallen further following the strong auction in the 30yr. After hitting a weekly high around 1.70% this morning, yields have dropped to a multi-day low around 1.625%. $USD https://t.co/7rK6uh1uJn
Webinar: Events and Themes to Drive Market Sentiment in the Days Ahead

Webinar: Events and Themes to Drive Market Sentiment in the Days Ahead

Martin Essex, MSTA, Analyst

Talking Points

- Market sentiment is just as important as economics, politics or technical analysis when deciding which assets to buy or sell.

- Currently the mood is “risk on” but that could easily change with interest rates on the way up in several major countries.

- Check out our brand new Trading Guides: they’re free and have just been updated for the third quarter of 2017

In this, the second of a new weekly series of DailyFX webinars, Analyst and Editor Martin Essex discusses the upcoming sentiment and positioning indicators, and how to use them to make informed trading decisions.

The dominant theme in the markets at present is the prospect of tighter monetary policy in several major economies including the US, the UK and Canada. Attention this week will therefore be on testimony to Congress by Federal Reserve chair Janet Yellen, speeches by two Bank of England policymakers and a rate decision by the Bank of Canada.

What the central bankers say will be crucial in determining market sentiment in the week ahead but there are also two key indicators. The Euro-Zone Sentix Investor Confidence indicator for July, already published, beat market expectations and fell back by just 0.1 from June’s decade high. On Friday the University of Michigan consumer confidence index is well worth looking out for too.

If the current “risk on” sentiment continues, haven assets like gold, the Japanese Yen and US Treasuries could well fall further, but are unlikely to if the markets are already too short of them. Meanwhile, stock markets have failed to benefit much from the risk-on tone, which is perhaps a warning sign.

--- Written by Martin Essex, Analyst and Editor

To contact Martin, email him at martin.essex@ig.com

Follow Martin on Twitter @MartinSEssex

Here’s where to find the IG Client Sentiment Data

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

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