Market sentiment analysis:
- Trader confidence is high, on the hope of a quick and strong economic recovery after the damage caused by the corona virus of the pandemic.
- However, they may have underestimated the importance of the hustle and bustle on the street, and the ongoing u.s.-China trade tensions.
- The rally in risk on assets such as stocks of crude oil and base metals, and currency pairs such as the EUR/USD, GBP/USD and AUD/USD could therefore be reversed at any time.
Trader is confidence too high?
Users are more confident in a rapid and sharp, the global economic recovery from the damage caused by the corona virus of the pandemic, the call for tenders the price, or the “risk” assets, like equities, crude oil, copper and currency pairs as the EUR/USD, GBP/USD and AUD/USD.
The AUD/USD Price Chart, with the Four-Hour time Period (18 May – 2 June 2020)
Chart provided by the IG (You can click it to enlarge the image)
The data is provided by
if the customers are just, long.
if the customers are just a short film.
The Change in the
|Daily||8%||A maximum of 2%||1%|
For the moment, the upward trend in risk assets seems to continue. However, the violence on the street, and the ongoing u.s.-China trade dispute could still send down again in due course.
In this webinar, I looked at the trends in the main currencies, commodities and stock markets at the time of prospective data on the the economic calendar this week, at the IG’s Client Sentiment page on the DailyFX web siteand at the time of IG’s Client Sentiment report that will accompany it. You can also visit the DailyFX Trading On The World Markets Decoded podcasts.
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— Written by Martin Essex, an Analyst and Editor
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