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Confidence in GBP/USD Ebbs, Gold and US Stocks Suffering Too | Webinar

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Market sentiment evaluation:

  • Dealer confidence in GBP is falling because the EU and the UK argue over their relationship post-Brexit.
  • On the similar time, sentiment is souring in the direction of US tech shares, gold and oil, with USD the principal beneficiary.

Dealer sentiment turns in opposition to GBP, gold, oil, tech shares

Dealer confidence in GBP is receding because the EU and the UK argue about their relationship as soon as the Brexit transition interval ends on December 31. On the similar time, sentiment is souring in the direction of gold, oil and US tech shares – benefiting USD – as merchants fear about rising ranges of Covid-19 infections, the dearth thus far of an settlement on a fiscal enhance for the US economic system and plans to decouple the US and Chinese language economies.

Nasdaq Worth Chart, Day by day Time Body (June 1 – September 8, 2020)

Latest Nasdaq price chart.

Chart by IG (You may click on on it for a bigger picture)

On this webinar, I appeared on the developments in the main currency, 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 reviews that accompany it. You may additionally like to take a look at the DailyFX Buying and selling International Markets Decoded podcasts.

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— Written by Martin Essex, Analyst and Editor

Be at liberty to contact me on Twitter @MartinSEssex

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