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Market Sentiment Stabilizes After Loss of Confidence Earlier This Month

Market Sentiment Stabilizes After Loss of Confidence Earlier This Month

Martin Essex, MSTA, Analyst

Market Sentiment Talking Points:

- Confidence seems to be returning gradually to the financial markets after their dive earlier this month.

- Now it seems more likely that what we saw was just a correction.

- In this webinar, DailyFX Analyst and Editor Martin Essex discussed whether this was indeed a healthy correction or the beginning of a new trend downwards.

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Confidence begins to improve

Sentiment in the financial markets has improved in recent days after the loss of confidence that began late last month when Wall Street stocks dived and US Treasury yields climbed. Now, it seems more likely that what we saw was a corrction rather than a new bear market in “risk” assets such as stocks.

The move saw money flowing into haven assets such as gold, the Japanese Yen and the Swiss Franc but that flow seems to have eased off already.

In this webinar I discussed these issues and also highlighted the business and consumer confidence indicators to be released later this week that could move the markets.

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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