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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
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
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
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
More View more
Real Time News
  • 🇯🇵 Eco Watchers Survey Outlook (FEB) Actual: 51.3 Previous: 39.9 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Gold, Crude Oil Price Forecast: Edging Higher on the Back of Stimulus, Saudi Oil Facility Attack https://www.dailyfx.com/forex/market_alert/2021/03/08/Gold-Crude-Oil-Price-Forecast-Edging-Higher-on-the-Back-of-Stimulus-Saudi-Oil-Facility-Attack.html https://t.co/ZXrwjTaK3W
  • 🇯🇵 Eco Watchers Survey Current (FEB) Actual: 41.3 Previous: 31.2 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/ZdQnb2WoEc
  • Heads Up:🇯🇵 Eco Watchers Survey Outlook (FEB) due at 06:00 GMT (15min) Previous: 39.9 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Heads Up:🇯🇵 Eco Watchers Survey Current (FEB) due at 06:00 GMT (15min) Previous: 31.2 https://www.dailyfx.com/economic-calendar#2021-03-08
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.46%, while traders in France 40 are at opposite extremes with 76.00%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7GEejdJ4ZR
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.26% 🇯🇵JPY: 0.03% 🇨🇦CAD: 0.02% 🇬🇧GBP: -0.06% 🇳🇿NZD: -0.06% 🇨🇭CHF: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/RksdDJPivS
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.80% France 40: 0.61% Germany 30: 0.41% Wall Street: 0.04% US 500: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/PDpZBRrLRJ
  • 🇯🇵 Leading Economic Index Prel (JAN) Actual: 99.1 Previous: 97.7 https://www.dailyfx.com/economic-calendar#2021-03-08
EUR/USD Unfazed by Weaker Sentiment as Data Continues to Deteriorate

EUR/USD Unfazed by Weaker Sentiment as Data Continues to Deteriorate

Oded Shimoni, Junior Currency Analyst

Talking Points:

  • The Euro was little changed versus the US Dollar
  • Eurozone economic sentiment prints 103.8 vs 104.4 expected
  • Services sector confidence fell to 10.6 from 11.6 prior

See how retail traders are positioning in the majors in your charts using the FXCM SSI snapshot.

The Euro was little changed versus the US Dollar after today's Eurozone economic confidence figures came below expectations. The Economic Sentiment Indicator decreased to 103.8, below the expected 104.4 figure and the prior revised reading of 105.1. The index is compiled from five different indicator surveys including: industrial, services, consumer, retail, and construction. The report said that the deterioration of euro-area sentiment resulted from worsening confidence among consumers and in all business sectors but construction, marking its second consecutive decline in 2016. The report showed sentiment in the services sector dropped to 10.6 from 11.6, and was below the expected 11.6. Consumer confidence printed -8.8 resulting from worsened expectations regarding all four components (the general economic situation, future unemployment, households' financial situation and their savings). Measures for industrial confidence also dropped, while construction confidence rose on improved level of order books and better employment expectations.

The report is another set of disappointing figures which seems to be adding to the bear case on possible further ECB easing in March. With that being said, more dominant data later today in the likes of German CPI and US PCE is set to hit the wires. It seems the market showed little regards to the sentiment data as the later figures could prove more revealing for future monetary policy actions by the Central Banks, and the Euro was little changed versus the US Dollar.

EUR/USD Unfazed by Weaker Sentiment as Data Continues to Deteriorate

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

DISCLOSURES