Talking Points
- The new week has begun with traders willing to buy riskier assets such as stocks and shunning haven assets such as gold, the Japanese Yen and the Swiss Franc.
- In this webinar, DailyFX Analyst and Editor Martin Essex looks at market sentiment and the events coming up that are likely to influence it, and therefore have an impact on asset prices.
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It’s “risk on” in the financial markets at the start of the new week, as positive sentiment lifts the prices of riskier assets such as stocks and money moves out of haven assets such as gold, the Swiss Franc and the Japanese Yen.
Chart: Gold Price Hourly Timeframe (September 12-18, 2017)
At the start of a week likely to be driven by central bank meetings on monetary policy, geopolitical tensions seem to have eased with no developments over the weekend in North Korea. Looking ahead, a number of confidence indicators are due, including the ZEW survey of the Euro-Zone, consumer confidence and the purchasing managers’ indexes for the area. In the US, the Philadelphia Fed survey is also due.
--- Written by Martin Essex, Analyst and Editor
To contact Martin, email him at martin.essex@ig.com
Follow Martin on Twitter @MartinSEssex
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