Market sentiment news and analysis:
– So far, concerns about trade wars, German politics, rising oil prices and Brexit have had little negative impact on trader confidence.
– There has been a limited flow of money into the safe havens, and ‘risk on’ assets are holding up well.
Our trading forecasts for Q3 have just been published; you can find them here.
Market sentiment holds up well
There is plenty going on to worry financial market traders today, including continuing concerns about trade wars between the US and other countries, a difficult political situation in Germany because of immigration, higher oil prices and an ongoing split in the UK government over Brexit.
However, so far, there has been a limited flow of money into assets perceived as safe havens and out of those that are popular when traders are willing to invest in riskier assets. That is a positive sign as the markets quieten ahead of US Independence Day, the football world cup provides a distraction and the holiday season approaches.
You can find out more in this recording of our weekly webinar on market sentiment.
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
