Market Sentiment Webinar: Sour for Stocks, Better for Base Metals
- Overall, market sentiment is currently fragile on the turmoil in the White House and the joint military exercises between the US and South Korea.
- Looking to the week ahead, several indicators will be important, including the ZEW and Ifo numbers and the latest purchasing managers’ indexes.
Check out our new Trading Guides: they’re free and have been updated for the third quarter of 2017
Market sentiment is quite poor currently on the comings and goings in the White House, along with the joint annual military exercises between the US and South Korea, which could prompt a response from North Korea. There is also the important Jackson Hole symposium towards the end of the week.
This market fragility is most obvious in the stock markets and least obvious in the prices of iron ore, copper and zinc, which have all been rising.
Among the forward-looking indicators to keep an eye open for this week, the ZEW and Ifo surveys could both be important, as will be the series of purchasing managers’ indexes from around the globe.
--- 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.