Analysis of market assessments:
- Traders’ confidence remains fragile, but not as poor as last week, as markets await US Federal Reserve’s decision on Wednesday’s Federal Reserve and a flood of US corporate earnings.
- Against this background, range trading is still widely demanded, although there are trend markets to find.
Traders are waiting for Fed
Many traders are waiting for US news on US monetary policy on Wednesday Federal Open Market Committee and for more US corporate profits to appear before the markets take a directional position, leaving the trading range on the agenda for many.
Despite this, Bitcoin volatility continues and US stock markets remain close to record highs despite a bizarre setback.
S&P 500 price chart, daily schedule (March 28 – July 27, 2021)
IG chart (Click for a larger image)
In this webinar, I looked at trends in key currency, commodity and stock markets, forward-looking data economic calendar this week IG customer mood page of DailyFX websiteand at IG customer mood reports accompanying it.
– Written by analyst and editor Martin Essex
Feel free to contact me on Twitter @MartinSEssex