Market news and analysis:
– The markets are currently in a ‘risk off’ mood but movements so far have been modest.
– With trade wars still denting confidence, the appetite for riskier assets will likely remain subdued.
Check out the IG Client Sentiment data to help you trade profitably.
Trader sentiment weakens
Traders in the financial markets are losing confidence against the backdrop of a growing trade war between the US and China, the European Union and others. As a result, safe havens are in demand, with assets such as stocks, which are perceived as riskier, are shunned.
In this webinar, I took a look at market sentiment and how the trade wars are likely to affect asset prices in the days ahead.
More to read
Gold Loses Safe Haven Appeal as Trade War Boosts JPY, CHF, EUR
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
