Webinar: Market Sentiment and What It's Pointing to For Prices
- Several confidence indicators are due this week that traders should keep an eye open for as they’re likely to influence market pricing.
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In this webinar, DailyFX Analyst and Editor Martin Essex discusses the most important events and themes that have driven market sentiment and will drive it in the days ahead.
As the new weeks begins, the appetite among investors for riskier assets such as stocks and shares is limited, with traders preferring the safety of haven assets such as gold, the Japanese Yen and US Treasury notes – perhaps driven by the continuing political turmoil in the US.
However, IG Client Sentiment data are currently sending out a bullish signal for USD/JPY and a bearish signal for gold, suggesting this trend could reverse.
Meanwhile, with volumes low, liquidity thin and plenty of event risk to worry about, including the current meeting of oil producers and Brexit, there’s scope for sharp moves in volatile markets.
There are also several sentiment indicators due this week, including Germany’s Ifo index, GfK numbers on Thursday and Euro-Zone confidence figures on Friday.
--- Written by Martin Essex, Analyst and Editor
To contact Martin, email him at firstname.lastname@example.org
Follow Martin on Twitter @MartinSEssex
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.