Market sentiment evaluation:Dealer confidence is missing at current, with merchants choosing secure havens such because the Jap
Market sentiment evaluation:
- Dealer confidence is missing at current, with merchants choosing secure havens such because the Japanese Yen, the Swiss Franc, Gold and US Treasuries somewhat than shares.
- Nonetheless, there isn’t any apparent causes for the “threat off” tone, suggesting that sentiment may quickly enhance once more.
Merchants go for JPY, CHF, Gold and USTs
Merchants have been shopping for so-called “threat off” belongings such because the Japanese Yen, the Swiss Franc, Gold and US Treasuries as market sentiment has been adversely affected by the Taliban takeover of Afghanistan, the unfold of the Delta variant of Covid-19 and proof of an financial slowdown in China.
Nonetheless, it’s laborious to see why occasions in Afghanistan ought to affect the markets and there may be nothing new in both the unfold of the coronavirus or the indicators of a Chinese language slowdown, suggesting the newest strikes might be reversed shortly.
AUD/JPY Value Chart, Hourly Timeframe (August 11-17, 2021)
Supply: IG (You possibly can click on on it for a bigger picture)
On this webinar, I appeared on the tendencies 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 reviews that accompany it.
— Written by Martin Essex, Analyst
Be happy to contact me on Twitter @MartinSEssex
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