Webinar: Market Sentiment Improving as N.Korea Tensions Ease
- The markets are calmer Monday as the row between the US and North Korea appears to have cooled.
- Three important confidence indicators are on the agenda this week, all from the US.
Check out our new Trading Guides: they’re free and have been updated for the third quarter of 2017
Market sentiment was poor last week because of the row between US President Donald Trump and North Korean leader Kim Jong-un. However, there was some relief in the markets Monday that nothing had worsened over the weekend, helping sentiment improve.
There are three sentiment indicators to look out for this week, all from the US: the Empire State manufacturing index Tuesday, the Philly Fed business outlook survey Thursday and the University of Michigan consumer confidence report Friday.
IG Client Sentiment data are currently pointing to stronger US stock prices and a stronger Australian Dollar, suggesting risk aversion is easing, but also to a stronger Japanese Yen. The Commitments of Traders report from the US Commodity Futures Trading Commission shows that large speculators increased their short positions in the US Dollar Index (DXY) for the third week in a row.
--- Written by Martin Essex, Analyst and Editor
To contact Martin, email him at firstname.lastname@example.org
Follow Martin on Twitter @MartinSEssex
For help to trade profitably, check out the IG Client Sentiment data
And you can learn more by listening to our regular trading webinars; here’s a list of what’s coming up
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.