Market sentiment news and analysis:
- Trader confidence is growing, boosting demand for riskier assets at the expense of those seen as safe havens.
- That means more money is flowing into the stock markets, while the Japanese Yen and the Swiss Franc are relatively subdued.
Our trading forecasts for Q3 have just been published; you can find them here.
Trader confidence rising
Despite continuing worries about the US-China trade war, UK politics and supply constraints in the oil market, traders seem reasonably confident at present, moving their money into riskier assets. The turmoil in the UK over Brexit has failed to undermine the British Pound and there is also some optimism about the upcoming US earnings season.
In this webinar, I looked at the impact of these factor so far on the financial markets and at how they are likely to move in the days ahead.
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
