Market Sentiment Still Poor But Tentative Signs of Improvement

Market sentiment analysis:

• Market confidence is still weak as traders continue to opt for safe havens rather than riskier assets.
• However, a near-term bounce is possible as sentiment improves marginally.

Trader confidence still weak but off its lows

Traders are continuing to prefer safe havens to riskier assets as risk aversion remains the dominant theme in the financial markets. However, a modest improvement in sentiment now seems possible.

On Wall Street, for example, the Dow Jones Industrial Average has rallied marginally from last week’s lows.

Dow Jones Price Chart, Daily Timeframe (July 30 – November 27, 2018)

Chart by IG

In this webinar, I looked at charts of the major financial markets, at the current major drivers of trading sentiment and at the upcoming confidence indicators.

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— Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

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