Market sentiment evaluation:Dealer confidence in riskier property is ebbing away, strengthening the safe-haven US Greenback, on
Market sentiment evaluation:
- Dealer confidence in riskier property is ebbing away, strengthening the safe-haven US Greenback, on issues concerning the unfold of the delta variant of Covid-19 and as lockdowns are imposed in Australia and several other Asian international locations.
- In the meantime, the IG consumer sentiment knowledge are sending out a bullish sign on the AUD/JPY foreign money pair.
Dealer sentiment worsens
Merchants have gotten more and more apprehensive concerning the delta variant of Covid-19 and extra lockdowns in Australia and several other Asian international locations. That’s sending traders out of riskier currencies reminiscent of GBP, CAD and NZD and into the safe-haven USD – traits that look more likely to proceed. Word although that US inventory markets are holding up properly.
In the meantime, IG consumer positioning knowledge are sending out a bullish sign on AUD/JPY as net-short positions rise steeply.
AUD/JPY Value Chart, One-Hour Timeframe (June 11-29, 2021)
Chart by IG (You may 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 knowledge on the financial calendar this week, on the IG Shopper Sentiment web page on the DailyFX web site, and on the IG Shopper Sentiment studies that accompany it.
— Written by Martin Essex, Analyst
Be happy to contact me on Twitter @MartinSEssex
component contained in the
component. That is most likely not what you meant to do!Load your utility’s JavaScript bundle contained in the component as an alternative.
www.dailyfx.com