Talking Points:
- The British Pound could be heading for a fall, but perhaps not just yet.
- The US Dollar could also drop if President Donald Trump’s tax plans unravel.
- 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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Market sentiment is being dominated at the moment by two topics: the Brexit negotiations between the UK and the EU, and US President Donald Trump’s tax plans. If the Brexit talks go badly, as they well might, the British Pound will suffer, and if the tax plans are held up the US Dollar could weaken.
Also affecting the markets at the moment are the latest problems in the Middle East, which could affect the oil price, and the continuing attempts to forge a coalition government in Germany, which will likely impact the Euro.
Meanwhile, a series of sentiment indicators are due this week, which will also have an impact. I discuss this and more in my latest webinar on market and trader sentiment, confidence and positioning.
--- 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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