News & Analysis at your fingertips.

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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Copper is on track to make a sixth consecutive monthly gain as prices inch towards its all-time high. The global backdrop remains supportive despite a short-term pause in the rally. Get your market update from @FxWestwater here:
  • Retail trader signals still hint that the Dow Jones and S&P 500 may be at risk, placing the focus on year-long rising trendlines to see if dominant upside biases hold.Get your market update from @ddubrovskyFX here:
  • The path for the Japanese Yen seems to favor the downside looking at a majors-based index. USD/JPY may rise within its Ascending Channel, but there is some scope for a healthy correction. Get your market update from @ddubrovskyFX here:
  • The British Pound’s recent slip lower against its major counterparts may prove short-lived. Key levels to watch for GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP. Get your $GBP market update from @DanielGMoss here:
  • Senate Democrats reach deal on jobless aid -BBG
  • The US Dollar faces its next key tests against ASEAN FX following gains in USD/SGD, USD/IDR, USD/PHP and USD/THB. Are the breakouts losing momentum? Get your market update from @ddubrovskyFX here:
  • Heads Up:🇨🇳 National People's Congress due at 00:00 GMT (15min)
  • Positive vaccine progress, fiscal stimulus hopes and an unperturbed Federal Reserve may open the door for long-term Treasury yields to continue pressing higher, and in turn weigh on gold prices. Get your market update from @DanielGMoss here:
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.07% 🇨🇭CHF: -0.24% 🇳🇿NZD: -0.36% 🇬🇧GBP: -0.41% 🇪🇺EUR: -0.50% 🇦🇺AUD: -0.54% View the performance of all markets via
Euro-Zone Investor Confidence Reaches a 19-Month High

Euro-Zone Investor Confidence Reaches a 19-Month High

Benjamin Spier, Technical Strategist

THE TAKEAWAY: Euro-zone Sentix investor confidence rises to -3.9 in February -> Index reflects ECB forecast -> Euro trading unchanged

Euro-zone investor confidence rose to the highest point in 19-months, but still remains slightly negative, according to Sentix’s index. The index was reported at -3.9 for February, lower than expectations for -1.7, but improved from January’s -7 index.

Sentix reported that the current situation survey improved to -21.8 in February from -24.3 in January, while the expectations survey rose to 15.8.

The Euro-zone experienced a technical recession over the second and third quarter in 2012, and it is unclear if there was positive economic growth in Q4. However, the ECB has predicted a recovery later in 2013, even if the economic situation worsens before improving. The Sentix survey seemed to show that, like the ECB, investors see an upcoming improvement in the Euro-zone economy. Signs of an improving economy are Euro positive.

However, the Euro did not react significantly to the slightly lower than expected Sentix confidence index. EURUSD dropped below 1.3600 in today’s Forex trading, possibly due to scandals weighing on the confidence in the Spanish and Italian governments. The broken resistance line around 1.3500 may now provide support, and resistance could now be provided by the 14-month high recently set at 1.3710.

EURUSD Daily: February 4, 2013

Euro-Zone_Investor_Confidence_Reaches_a_19-Month_High__body_eurusd_daily_chart.png, Euro-Zone Investor Confidence Reaches a 19-Month High

Chart created by Benjamin Spier using Marketscope 2.0

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to .

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