Market sentiment evaluation:Dealer confidence in shares and commodities stays very weak, indicating that
Market sentiment evaluation:
- Dealer confidence in shares and commodities stays very weak, indicating that purchasing at these ranges stays extremely dangerous.
- Nonetheless, some currencies are struggling greater than others, offering alternatives for merchants wishing to reap the benefits of the present market volatility.
Dealer confidence in shares nonetheless near zero
Merchants are nonetheless exhibiting no confidence in shares or commodities because the unfold of the Covid-19 coronavirus continues to immediate fears of a world financial slowdown. Calling a backside at present ranges subsequently stays extremely dangerous.
Nonetheless, currencies proceed to offer alternatives for retail merchants wishing to reap the benefits of market volatility, with the US Dollar persevering with to advance even in opposition to different conventional secure havens such because the Japanese Yen, the Swiss Franc and gold.
USD/JPY Value Chart, Two-Hour Timeframe (March 6-17, 2020)
Chart by IG (You possibly can click on on it for a bigger picture)
| Change in | Longs |