Over the past two months we have seen the results of the lockdown. Business confidence shattered, millions of jobs lost, market confidence in a state of panic. Now we’re hearing about the world re-opening and economic activity becoming clearer…sentiment is turning. And that’s what it’s all about – nothing has really changed but optimism is returning and the markets will reflect as much. The economic data releases will be seen through a positive perspective rather than through a lens of doom and gloom. Central banks talking about negative interest rates, Brexit talks reach critical dates in their decision making and the European Union is struggling to unite on a relief program for all members. All this against a backdrop of the US and China (trade war) looking further apart since COVID 19 has taken over the world as we know it. So what does this mean for traders? Don’t let emotions of fear and greed dictate your decisions. Stick to your strategies and make calculated and educated trading decisions. The reasons for the moves are not relevant, trade the price and apply the same technical strategies and money management principles which got you to this point in your trading career.
FXtrademark: The Next Wave of Sentiment is Coming
