Market Analysis

Market Sentiment: Gold, Bitcoin and Ether in Focus

Analysis of market assessments:

  • Traders’ self-confidence is now evenly balanced, with the outbreak of the Indian coronavirus offsetting progress in Europe, where borders may soon open.
  • This has left traders to focus on assets such as goldand cryptocurrencies such as Bitcoin and Ether.

Traders turn to alternative assets

Traders are currently focusing on assets such as gold, Bitcoin and Ether, as a broadly balanced trading mind is sidelining many other markets. In general, the worsening of the coronavirus outbreak in India is offsetting positive news elsewhere, with Europe advancing its vaccination programs and opening its borders.

US and UK airlines and travel companies are also working to lift US and UK travel restrictions, but this is also being offset by a global shortage of semiconductors, which is a concern for investors. Therefore, for example, Ether continues to push higher.

Broadcast price chart, daily schedule (February 23 – May 4, 2021)

Market spirit: gold, bitcoin and ether in focus  Webinar

IG chart (Click for a larger image)

In this webinar, I looked at trends in key currency, commodity, stock and cryptocurrency 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

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