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Webinar: Market Sentiment Data Pointing to Stronger US Dollar

Webinar: Market Sentiment Data Pointing to Stronger US Dollar

2017-11-06 12:07:00
Martin Essex, MSTA, Analyst
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Talking Points

- Sentiment data are currently suggesting a stronger US Dollar against gold and also currencies like the Japanese Yen and the Australian Dollar.

- 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.

Check out our Trading Guides: they’re free and several new ones are now available including Forex for Beginners, Building Confidence and Traits of Successful Traders

IG Client Sentiment data are currently sending out a bullish signal for USDJPY and bearish signals for AUDUSD and gold, suggesting all-round US Dollar strength.

However, EURUSD was underpinned by data released Monday as an index showed the European economy booming.

The coming week is light on statistics but one release worth watching will be the University of Michigan sentiment data Friday, which are expected to show that confidence in the US is currently broadly neutral.

--- Written by Martin Essex, Analyst and Editor

To contact Martin, email him at martin.essex@ig.com

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

Like to know about the Traits of Successful Traders? Just click here

Or New to Forex? That guide is here

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