Market sentiment evaluation:IG consumer sentiment knowledge are sending out bearish alerts for the US Greenback towards the Eur
Market sentiment evaluation:
- IG consumer sentiment knowledge are sending out bearish alerts for the US Greenback towards the Euro, the Japanese Yen, the Australian Greenback and the New Zealand Greenback.
- The alerts come forward of Thursday’s much-anticipated US inflation knowledge and the conclusion of the ECB assembly on Eurozone financial coverage.
Dealer positioning knowledge level to weak USD
IG consumer sentiment knowledge, which monitor the positioning of merchants utilizing the corporate’s platforms, are suggesting a weaker US Greenback towards a number of different currencies. At DailyFX we take a contrarian view of retail dealer positioning and the present sign are bullish EUR/USD, AUD/USD and NZD/USD in addition to bearish USD/JPY.
These alerts come as inventory markets stay typically agency worldwide forward of Thursday’s two key occasions: the discharge of US inflation knowledge and the financial coverage announcement by the European Central Financial institution.
IG Consumer Sentiment Knowledge
Supply: DailyFX (You possibly can click on on it for a bigger picture)
On this webinar, I regarded on the developments within the main foreign money, commodity and inventory markets, on the forward-looking knowledge on the financial calendar this week, on the IG Consumer Sentiment web page on the DailyFX web site, and on the IG Consumer Sentiment stories that accompany it.
— Written by Martin Essex, Analyst
Be happy to contact me on Twitter @MartinSEssex
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