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 indicator shows investors are continuing to turn bearish on the European economy. At the same time, private and institutional traders’ assessment of the European economic future has also deteriorated. The index now sits near a record low, after falling for six consecutive months.
Forex Technical Reaction: The euro had little reaction to the news release and continues to trade just above TheLFB R2 (1.2890), after gaining 170 pips since the new trading day began.