Forex: Market Sentiment Positive for EUR, Negative for USD
- Sentiment remains upbeat in the financial markets overall.
- Business and consumer confidence indicators are painting an optimistic picture.
- 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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The Ifo business climate index for Germany, released Tuesday, suggests that German business remains optimistic about the future, and further indicators due on Thursday and Friday for the US, the UK and the Euro-Zone will likely paint a positive picture too.
IG Client Sentiment data are currently sending out bullish signals for both the Euro and the Yen against the Dollar while in the stock markets the usual Santa rally is lifting prices.
--- 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.