• 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

Market Sentiment May Rally Further as FOMO Trades Boost Prices

Forex Tips by Forex Tips
September 15, 2020
in Forex News
0
Dow Jones Eyes Support, Straits Times Faces Singapore General Election
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Market sentiment analysis:

  • Trader confidence is currently positive and could well improve further this week as the US, Japanese and UK central banks all signal their willingness to stimulate their economies still further.
  • As ever, that would likely boost ‘risk-on’ assets like stocks, and currencies like AUD, EUR and GBP, at the expense of safe havens such as the US Dollar.

Trader sentiment to improve further

Trader confidence has been boosted by positive Chinese economic data and hopes of a coronavirus vaccine, and could improve further as the Federal Reserve, the Bank of Japan and the Bank of England all signal this week that they are ready to stimulate their economies still further.

That is likely to boost the prices of ‘risk-on’ assets such as stocks, the EUR, GBP and AUD as traders fear missing out on further rallies – all at the expense of havens such as the USD.

What is FOMO in trading? Find out here

AUD/USD Price Chart, One-Hour Timeframe (September 8-15, 2020)

Latest AUD/USD price chart.

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

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.

Like to know about the three types of FX analysis? Here’s an article explaining them

Starts in:

Live now:

Sep 17

( 16:09 GMT )

Join Day 3 of the DailyFX Summit discussing currencies

DailyFX Education Summit: Trade Your Market – Day 3, Forex

Register for webinar

Join now

Webinar has ended

— Written by Martin Essex, Analyst and Editor

Feel free to contact me on Twitter @MartinSEssex





Source link

Share76Tweet47

Related Posts

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...

MXN/JPY Breakout, USD/MXN Breakdown in Focus

USD/MXN Tumble Continues Despite Banxico’s Message of Caution

by Forex Tips
April 11, 2021
0

USD/MXN Forecast: Bearish USD/MXN has seen its price decline for a third consecutive week and is now just shy...

AUD/JPY, AUD/USD Breakout Ahead of September RBA Meeting

Dovish RBA to Counterbalance Robust Chinese GDP Print

by Forex Tips
April 10, 2021
0

Australian Dollar Fundamental Forecast: BearishThe RBA’s semi-annual Financial Stability Review, and concerns surround AstraZeneca’s vaccine, may continue to drive...

XAU/USD Technical Breakout Eyes 2011 Record Highs

Gold and Crude Oil Prices May Fall into the Weekend, Eyes on US PPI after Chinese Beat

by Forex Tips
April 9, 2021
0

Gold, XAU/USD, Crude Oil, US Dollar, Treasury Yields, PPI, Commodities Briefing - Talking Points:Gold prices gain as US Dollar...

ECB Moral Suasion May Affect Lingering Euro

Euro Stoxx 50 Fades From Post-Pandemic High, Broader Rally Remains Intact

by Forex Tips
April 8, 2021
0

EURO STOXX 50 TALKING POINTSEuro Stoxx 50 declined by 0.34%, settling just below a post-pandemic high of 3,986Investors shift...

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.