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
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
More View more
Real Time News
  • United Airlines adds South Korea to travel waiver list but is not cancelling flights $SPX $XTN
  • Update on #Cryptocurrencies (24H Change) #BITCOIN -3.59% #BITCOINCASH -7.44% #ETHEREUM -4.03% #RIPPLE -4.96% #LITECOIN -8.09%
  • RT @lisaabramowicz1: Today has seen the biggest one-day drop in 10-year Treasury yields since 2016, with the level now just basis points aw…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.82%, while traders in USD/CAD are at opposite extremes with 70.18%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/bULTh7GRop
  • The price of #gold climbs to a fresh monthly high ($1681) as the #coronavirus drags on the global supply chain, and the precious metal may exhibit a bullish behavior over the remainder of the month. Get your $XAUUSD market update from @DavidJSong here: https://t.co/h02KVH9bWE https://t.co/cgq8X9gGZ3
  • Commodities Update: As of 17:00, these are your best and worst performers based on the London trading schedule: Silver: 1.90% Gold: 1.88% Oil - US Crude: -4.97% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/oZ1KxQywNr
  • Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Oct 03, 2019 when Wall Street traded near 26,200.30. A contrarian view of crowd sentiment points to Wall Street weakness. https://www.dailyfx.com/sentiment https://t.co/XRLFJCPPtr
  • Forex Update: As of 17:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.97% 🇪🇺EUR: 0.13% 🇨🇭CHF: 0.06% 🇦🇺AUD: -0.20% 🇬🇧GBP: -0.27% 🇨🇦CAD: -0.41% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/EI1p6OLSRi
  • For the $SPX, this week's opening gap is the worst seen since August 1981 https://t.co/fVM4fHIGcB
  • As far as I can tell, this is the sharpest gap lower to start a week for the benchmark Dow since August 1998 https://t.co/YwPwGbGrL3
Eurozone Investor Confidence Falls to February 2017 Low on Trade War Fears

Eurozone Investor Confidence Falls to February 2017 Low on Trade War Fears

2018-05-07 09:04:00
Justin McQueen, Analyst

EUR Analysis and Talking Points

  • Eurozone Sentix falls to the lowest level since February 2017
  • Investor morale deteriorates amid concerns over US trade policies.

See our Q2 EUR forecast to learn what will drive the currency through the quarter.

Eurozone Sentix Investor Confidence fell for a 4th consecutive month to its lowest level since February 2017 to 19.2 in May, missing expectations of 21. The report stated that investor morale had been hit by concerns over the introduction of punitive US tariffs, resulting in lower economic expectations, alongside a slightly weaker assessment of current conditions.

Elsewhere, the Sentix survey for Germany also saw a decline for the 4th month in a row, falling to the lowest level since September 2016. This somewhat mirrors the recent run of soft economic data points from Germany, which has led to a downgrade in forecasts for German growth prospects.

However, despite the soft report, price action in the Euro will likely by dictated by Thursday’s US CPI report, while comments from Fed Chair Powell on Tuesday at 0715GMT will also garner attention for traders.


Eurozone Investor Confidence Falls to February 2017 Low on Trade War Fears

Chart by IG

In terms of technical levels of note for EURUSD, downside support in the near-term reside at Friday’s lows of 1.1910, whereby a close below this could set up a move towards 1.18. On the topside, the 200DMA is situated at 1.2050, while the 2017 high sits at 1.2093.

IG Client Positioning Sentiment states that 53.7% of traders are net-long. For full client positioning click here

--- Written by Justin McQueen, Market Analyst

To contact Justin, email him at Justin.mcqueen@ig.com

Follow Justin on Twitter @JMcQueenFX

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


News & Analysis at your fingertips.