We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bullish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bullish
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • Join @ZabelinDimitri 's #webinar at 11:30 PM ET/4:30 AM GMT to find out how geopolitical risk will affect the markets in the week ahead. Register here: https://t.co/hsULxMNOtM https://t.co/29mp0J5bys
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.03% Gold: -0.17% Silver: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5vlrajdMNh
  • Over the past 30 days, #NZD, #SEK and the #AUD have been the best performing G10 currencies vs. USD with +1.87%, 1.70% and 1.03% total returns.
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.18% 🇪🇺EUR: 0.07% 🇨🇦CAD: 0.03% 🇯🇵JPY: -0.03% 🇳🇿NZD: -0.05% 🇦🇺AUD: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/qf00nTj6Hd
  • LIVE NOW: Join Senior Strategist @IlyaSpivak as he discusses the outlook for the financial markets in the week ahead! Register here: https://www.dailyfx.com/webinars/889679267?CHID=9&QPID=917720
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.80%, while traders in France 40 are at opposite extremes with 87.38%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ajip0jMeD9
  • LIVE IN 30 MIN: Join Senior Strategist @IlyaSpivak as he discusses the outlook for the financial markets in the week ahead! Register here: https://www.dailyfx.com/webinars/889679267?CHID=9&QPID=917720
  • Tune in to @IlyaSpivak 's #webinar at 10:00 PM ET/3:00 AM GMT for insight on the cross market weekly outlook. Register here: https://t.co/E213bTtq5C https://t.co/EhPTrzvjdH
  • Since late July, the economic news flow from Sweden has been under-performing relative to economists’ expectations however there has been some improvement since early October. -Citi #SEK
  • The #Euro made cautious upside gains, with EUR/USD showing most potential for upside follow-through. EUR/JPY and EUR/AUD may stall at key falling channels as EUR/GBP eyes 2019 lows. Get your $EURUSD technical analysis from @ddubrovskyFX here: https://t.co/WTVfgxkpan https://t.co/N2DuyHWPdp
Euro-zone Sentiment Indicators Reveal Murky Outlook for EMU

Euro-zone Sentiment Indicators Reveal Murky Outlook for EMU

2011-03-30 09:31:00
Jonathan Granby,
Share:

Euro-area sentiment indices for March on balance came in as a mixed bad of outcomes. Economic confidence declined more than forecasts of 107.5 (vs. 107.9 previously) to 107.3 despite official comments in recent days and weeks suggesting the sentiment would not be effected by Japan’s earthquake & tsunami or ongoing turmoil in the Middle East and North Africa. Meanwhile, consumer confidence met expectations and remained unchanged from February’s reading, industrial confidence was firmer than forecast but unchanged from February’s showing and services confidence came in softer than forecast. The business climate indicator was a tad softer than expected and slipped back from February’s upwardly revised numbers.

While sentiment indices are not headline-grabbers, like IFOs or PMIs, the implications are worth taking note of ahead of more pivotal readings to come. Especially as global uncertainties mount the toll they may eventually take on EMU growth could have serious implications. If economic sentiment falls further and growth expectations are lowered the effect on periphery nations who are still desperately trying to get the economic recovery to stick could be severe.

Eurozone_Sentiment_body_eur.png, Euro-zone Sentiment Indicators Reveal Murky Outlook for EMU

The euro lost ground against the buck after the release of the weaker than expected headline data. The pair had been paring its early declines back above 1.4100 and into higher ground on the day before the downside trend resumed on the back of the release. The pair continues to pivot around the 1.4100 as investors mull their next move with speculation suggesting the ECB will raise rates in coming months and fresh hawkish rhetoric from Fed officials to contend with the market is looking a little unsure of itself at present and which direction it is going to eventually take.

Written by Jonathan Granby, DailyFX Research Team

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.