Market sentiment analysis:
- Demand for safe havens is weakening as traders become more confident.
- That is prompting a move into riskier assets.
Trader confidence rises
Market sentiment is improving on hopes of progress in the US-China trade dispute and receding chances of a no-deal Brexit ahead of a meeting Thursday of the European Central Bank, which is widely expected to lower Eurozone interest rates.
EURUSD Price Chart, Daily Timeframe (July 18, 2018 – September 10, 2019)
Chart by IG (You can click on it for a larger image)
In this weekly webinar on trading sentiment I looked at the latest forex, commodity and stock index price charts, at the sentiment indicators on the calendar this week and at measures of market confidence.
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— Written by Martin Essex, Analyst and Editor