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
Oil - US Crude
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
Wall Street
Bearish
Gold
Bullish
GBP/USD
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
USD/JPY
Bearish
More View more
Real Time News
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.09% 🇨🇭CHF: -0.02% 🇪🇺EUR: -0.04% 🇳🇿NZD: -0.34% 🇦🇺AUD: -0.35% 🇨🇦CAD: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/YDr8ENytVl
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: FTSE 100: -0.16% Wall Street: -0.23% US 500: -0.27% France 40: -0.48% Germany 30: -0.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/e9Gr3M5pOC
  • Heads Up:💶 ECB President Lagarde Speech due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-18
  • Heads Up:💶 Eurogroup Video Conference due at 08:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-18
  • Chinese Foreign Ministry: Noticed Report on US halting Huawei supply Urge US to withdraw wrong decision US Huawei move damaging internet supply chains - BBG
  • Canadian Dollar Outlook: USD/CAD Rebound May Continue Ahead of BoC - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/01/18/Canadian-Dollar-Outlook-USDCAD-Rebound-May-Continue-Ahead-of-BoC.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $CAD $USDCAD https://t.co/xfAI9M7wi0
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/cP7ZhDHoNA
  • Heads Up:🇨🇳 FDI (YTD) YoY (DEC) due at 07:00 GMT (15min) Previous: 6.3% https://www.dailyfx.com/economic-calendar#2021-01-18
  • Wall Street Futures Update: Dow Jones (-0.133%) S&P 500 (-0.193%) Nasdaq 100 (-0.184%) [delayed] -BBG
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/dPj0seqzQS
EUR/USD Unfazed as Confidence Declines to Lowest in Over a Year

EUR/USD Unfazed as Confidence Declines to Lowest in Over a Year

2016-03-30 09:45:00
Oded Shimoni, Junior Currency Analyst

Talking Points:

  • The Euro was little changed versus the US Dollar
  • Eurozone economic sentiment prints 103.0 vs 103.8 expected
  • Services sector confidence fell to 9.6 from 10.8 in February

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 (at the time this report was written) after today's Eurozone economic confidence figures came below expectations, declining to the lowest level since February 2015. The Economic Sentiment Indicator fell to 103.0, below the expected 103.8 figure and the prior revised reading of 103.9. The index is compiled from five different indicator surveys including: industrial, services, consumer, retail, and construction. The report said that the deterioration in sentiment was due to lower confidence among consumers as well as managers in the services and construction sectors. Sentiment in the services sector dropped to 9.6 in March from a revised 10.8 print in February, and was below the expected 10.8. Consumer confidence fell to -9.7 as a consequence of growing pessimism among consumers about the future general economic situation. Measures for industrial confidence declined slightly to -4.2 from the revised prior -4.1 as managers’ expectations for production and the current level of orders remained almost unchanged.

The ECB will start to increase bond purchases to 80 billion euros from the prior 60 billion euros this Friday after announcing new stimulus measures earlier this month. As was mentioned recently by DailyFX Chief Currency Strategist John Kicklighter, central banks are steering monetary policy in an effort to bolster confidence, with stimulus by the ECB aimed to reach economic objectives; 2% inflation, or slightly lower, in the ECB’s case. The central bank seems to be in a wait-and-see modeafter the latest policy announcement, which may hint that the market saw the figures as having limited impact on possible monetary policy actions, and the Euro was little changed versus the US Dollar.

EUR/USD 5 Minute Chart

EUR/USD Unfazed as Confidence Declines to Lowest in Over a Year

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

DISCLOSURES