Talking Points
- Traders’ confidence remains reasonably positive despite the German election and a series of other events that might have been expected to hit it.
- 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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Sentiment in the financial markets remains positive at the start of the new week even though Chancellor Angela Merkel fared less well than expected in Sunday’s elections, the UK’s sovereign credit rating has been downgraded and the Brexit talks are restarting. The Euro, for example, has fallen but by rather less than it might have.
Chart: EUR/USD Five-Minute Timeframe (September 24-25, 2017)
Looking ahead, attention will focus on Merkel’s attempts at coalition building, the Brexit talks and also a series of confidence indicators due this week, including consumer confidence data from the US, Germany and the UK.
--- 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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