Webinar: Market Sentiment Holds Up Well After N Korea's Nuclear Test
- The financial market theme was ‘risk off’ Monday after North Korea’s latest nuclear test but the reaction was very modest.
- Looking ahead, trader sentiment will depend crucially on what Mario Draghi says at the press conference after Thursday’s monetary policy meeting of the European Central Bank.
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The dominant theme in the financial markets was “risk off” Monday after North Korea’s latest nuclear test sent investors out of riskier assets such as stocks into haven assets such as gold, the Japanese Yen, the Swiss Franc and the government bonds of countries like the US and Germany. However, the reaction was modest and prices did not move far.
Looking ahead, the principal risk for the markets this week is the meeting of the European Central Bank’s policy-setting Governing Council, where the risk is that no hint will be given about a tapering of the ECB’s asset-purchase program.
These and other topics relating to sentiment, confidence and morale, and their likely market impact, are discussed in this webinar by DailyFX Analyst and Editor Martin Essex.
Sign up for our Thursday webinar covering the ECB decision live here
--- Written by Martin Essex, Analyst and Editor
To contact Martin, email him at email@example.com
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.