• Contact Us
  • Homepages
Most Forex
  • For Beginners
  • Strategies
  • Technical Analysis
  • Product Reviews
  • News
  • Videos
No Result
View All Result
  • For Beginners
  • Strategies
  • Technical Analysis
  • Product Reviews
  • News
  • Videos
No Result
View All Result
Most Forex
No Result
View All Result
Home Forex News

EUR/USD, GBP/USD, AUD/USD Sentiment Boosted by PMIs

Forex Tips by Forex Tips
June 23, 2020
in Forex News
0
EUR/USD, GBP/USD, AUD/USD Sentiment Boosted by PMIs
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Market sentiment analysis:

  • Trader confidence has been lifted by the latest purchasing managers’ indexes from around the world suggesting an economic recovery now coronavirus lockdowns are being eased in many countries.
  • That has boosted stock markets, crude oil and risk-on currencies such as EUR, GBP and AUD.

Trader confidence rising

Traders are becoming more confident of an economic recovery now that coronavirus lockdowns are being eased in many countries. This is evident in the purchasing managers’ indexes for June in countries from Australia to the Eurozone and the UK.

Hopes that the phase-one trade deal between the US and China is still in place have helped sentiment too, although worries remain – including an increase in Covid-19 infections in China. Nonetheless, the PMIs have boosted risk-on assets including global stocks, crude oil, EUR/USD, GBP/USD and AUD/USD.

AUD/USD Price Chart, 15-Minute Timeframe (June 22-23, 2020)

Latest AUD/USD price chart.

Chart by IG (You can click on it for a larger image)

AUD/USD
BEARISH

Data provided by



of clients are net long.



of clients are net short.

Change in Longs Shorts OI
Daily 15% -8% 0%
Weekly 15% 4% 8%

In this webinar, I looked at the trends in the major currency, commodity and stock markets, at the forward-looking data on the economic calendar this week, at the IG Client Sentiment page on the DailyFX website, and at the IG Client Sentiment reports that accompany it. You might also like to check out the DailyFX Trading Global Markets Decoded podcasts.

How to Use IG Client Sentiment in Your Trading

How to Use IG Client Sentiment in Your Trading

Recommended by Martin Essex, MSTA

Improve your trading with IG Client Sentiment Data

— Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below





Source link

Share76Tweet47

Related Posts

USD/CHF, NZD/CHF Eye Key Levels

USD/CHF, EUR/CHF Moderation Eases Pressure on SNB

by Forex Tips
April 16, 2021
0

Swiss Franc, USD/CHF, EUR/CHF, SNB – Talking PointsSwiss Franc steadies versus the Euro and US Dollar after weak start...

USD/CHF, NZD/CHF Eye Key Levels

USD/CHF, EUR/CHF Moderation Eases Pressure on SNB

by Forex Tips
April 15, 2021
0

Swiss Franc, USD/CHF, EUR/CHF, SNB – Talking PointsSwiss Franc steadies versus the Euro and US Dollar after weak start...

Gold Price Outlook Mired by Spike in US Treasury Yields

Gold Prices Probe Barrier as Inflation Data Sinks the USD and Yields

by Forex Tips
April 14, 2021
0

GOLD PRICE OUTLOOK:Gold prices traded flat after rising 0.76% on Tuesday as bond yields fell alongside the US DollarUS...

Gold Price Forecast: Once More, into the Jackson Hole Abyss

Falling Ahead of 30-Year Treasury Auction, Resistance Reinforced

by Forex Tips
April 13, 2021
0

Gold, XAU/USD, Treasury Auctions, US CPI Data, US Dollar - Talking Points:Gold prices declined as the US Dollar, Treasury...

Oil Price Outlook Mired by Rebound in Crude Production

Crude Oil Prices Struggle Even as Powell Highlights Strong Recovery

by Forex Tips
April 12, 2021
0

CRUDE OIL PRICE OUTLOOK:Fed Chair Jerome Powell said in a TV interview that the US economy is poised for...

Load More

Categories

  • Crypto Strategies
  • Currency
  • For Beginners
  • Forex News
  • Forex Trading Tips & Strategies
  • Investment
  • Technical Analysis
  • Videos
Forex Pulse Detector

Categories

  • Crypto Strategies
  • Currency
  • For Beginners
  • Forex News
  • Forex Trading Tips & Strategies
  • Investment
  • Technical Analysis
  • Videos

Newsletter

  • Home
  • Contact
  • Privacy Policy
  • Store

© 2018 Forex Blog

No Result
View All Result
  • Contact Us
  • Homepages

© 2018 Forex Blog.