Market sentiment evaluation:
Merchants stay involved concerning the US-China commerce battle and Brexit.That’s strengthening the US Greenback and gold, whereas weakening Sterling and inventory markets.
Danger off nonetheless dominant market theme
“Danger off” stays the principle driver of monetary markets as US-China commerce tensions proceed to push buyers to the relative security of the US Greenback and gold on the expense of world shares. In the meantime, the Pound stays weak on one other doubtlessly essential week for Brexit.
GBPUSD Value Chart, Weekly Timeframe (June 20, 2016 – September three, 2019)
Chart by IG (You possibly can click on on it for a bigger picture)
On this webinar, I seemed on the traits within the main foreign money, commodity and inventory markets, on the forward-looking information on the calendar this week and on the retail dealer positioning information.
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— Written by Martin Essex, Analyst and Editor
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