Market sentiment evaluation:Dealer confidence stays weak judging by additional declines in ‘risk-on’ pair
Market sentiment evaluation:
- Dealer confidence stays weak judging by additional declines in ‘risk-on’ pairs like AUD/USD, EUR/USD and GBP/USD regardless of a powerful June manufacturing PMI from China.
- Sentiment is weak in direction of shares too, whereas bodily gold stays the asset of selection.
Dealer sentiment caught in impartial
Merchants stay cautious of shares and “risk-on” foreign money pairs akin to AUD/USD, EUR/USD and GBP/USD regardless of a better-than anticipated buying managers’ index for the Chinese language manufacturing sector in June. Whereas the US Greenback edges greater, the gold worth is weaker however nonetheless near its highest degree since November 2012.
Gold Worth Chart, Month-to-month Timeframe (January 2011 – June 30, 2020)
Chart by IG (You possibly can click on on it for a bigger picture)
| Change in | Longs | Shorts | OI |
| Every day | -1% | 7% | 2% |
| Weekly | 3% | 2% | 3% |
On this webinar, I seemed on the traits within the main foreign money, commodity and inventory markets, on the forward-looking information on the financial calendar this week, on the IG Shopper Sentiment web page on the DailyFX web site, and on the IG Shopper Sentiment experiences that accompany it.
Don’t miss the newest Buying and selling World Markets Decoded podcast from DailyFX with particular visitor Jim Rogers. He talks in regards to the US economic system, gold the US Greenback and far more.
Advisable by Martin Essex, MSTA
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— Written by Martin Essex, Analyst and Editor
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