Webinar: Market Sentiment Improves Towards Euro, European Stocks
- Confidence about the Euro and other European assets is returning.
- There are plenty of sentiment indicators on tap this week that could move the markets.
- 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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Confidence in European assets is returning as large speculators remain long the currency and official data released Monday show Euro-Zone sentiment at its highest for almost 17 years. Helped by last week’s “dovish taper” of the European Central Bank’s monetary stimulus and an easing of tensions in Catalonia, investors are building up their exposure to European markets rather than reducing it.
Looking ahead, sentiment this week will be dominated by monetary policy meetings in Japan, the US and the UK, as well as Friday’s US non-farm payrolls data, but plenty more confidence data are due that could also affect trader sentiment.
--- Written by Martin Essex, Analyst and Editor
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.