Market sentiment analysis:
- Weakness in the global economy, particularly in China and the Eurozone, is keeping market sentiment positive on hopes that the slowdown will prompt central banks to increase their economic stimulus measures.
- However, the US trade wars and Brexit are preventing the markets from tearing higher.
Traders still optimistic
Measures by China to stimulate economic activity, hopes that the European Central Bank will follow suit in due course and the possibility of lower interest rates in Australia in future are keeping the financial markets buoyant, with global stocks still leading the way higher.
In this webinar, I looked at the charts of all the major markets, at the confidence indicators on this week’s calendar and at the signals provided by the IG client sentiment data.
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— Written by Martin Essex, Analyst and Editor