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Sentix Investor Confidence Falls To -36.1

Published 12/31/2000, 07:00 PM
Updated 02/09/2009, 04:56 AM

Release Explanation: Measures the investors’ confidence in the European economy. A rising trend has a positive affect on the currency since it shows investors are bullish and more likely to buy the currency.

Trade Desk Thoughts: The Sentix reading resumed its downward path, after improving last month for the first time in six months. The index fell 1.7 points from January, to -36.1. The Euro-zone's assessment is in-line with the other important regions.

According to the release, the current situation index for the Euro-zone reached -52.25, an all-time low, but expectations have dramatically improved in the last few months, from -42.00 in December, to -18.25 in February. The expectation index for the Euro-zone is above the current index for the first time since early 2006.

Forex Technical Reaction: The euro moved lower during the overnight session. The single currency fell 50 pips against the dollar and lost 30 pips against the pound.

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