Market sentiment talking points:
– The dominant themes in the markets at present are a strong US Dollar and a buoyant oil price.
– However, both CAD and AUD are holding their ground as EUR and GBP suffer.
– In this webinar, DailyFX Analyst and Editor Martin Essex looked at market sentiment, confidence and positioning as well as the key sentiment data to be released later this week.
For more information, check out the IG Client Sentiment data to help you trade profitably.
The most important themes in the financial markets at present are a strong USD on hopes of a ceasefire in the US-China trade war and a buoyant oil price on fears of a disruption in Venezuelan supplies.
However, some assets are holding up better than others, with AUD and CAD looking better placed against the USD than EUR or GBP.
Meanwhile, there are plenty of forward-looking business and consumer confidence indicators due to be released this week; more information is in this recording of today’s market sentiment webinar.
Resources to help you trade the forex markets
Whether you are a new or an experienced trader, at DailyFX we have many resources to help you: analytical and educational webinars hosted several times per day, trading guides to help you improve your trading performance, and one specifically for those who are new to forex. You can learn how to trade like an expert by reading our guide to the Traits of Successful Traders.
— 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
