Analysis of market assessments:
The trader’s confidence falls
Traders are increasingly concerned about the proliferation of the Covid-19 delta variant and its likely impact on the global economy. As a result, equities and risk currencies such as AUD, CAD and GBP may continue to slide towards less risky assets such as gold, JPY and USD.
The impact so far has been evident, for example, in AUD / JPY, where there is no sign of the end of this lower slide.
AUD / JPY price chart, daily schedule (January 7 – July 20, 2021)
IG chart (click for larger image)
In this webinar, I looked at trends in key currency, commodity and stock markets, forward-looking data from this week’s economic calendar, the IG customer mood page on the DailyFX website, and the accompanying IG customer mood reports.
– Written by analyst and editor Martin Essex
Feel free to contact me on Twitter @MartinSEssex