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
Mixed
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
Bullish
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇬🇧 BoE Credit Conditions Survey due at 09:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇿🇦 Retail Sales YoY (NOV) Actual: -4% Expected: -2.5% Previous: -2.3% https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇵🇱 Employment Growth YoY (DEC) Actual: -1% Expected: -1.2% Previous: -1.2% https://www.dailyfx.com/economic-calendar#2021-01-21
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here: https://t.co/rz7fqhRoMG https://t.co/qA7wZiJfiX
  • 🇪🇸 Balance of Trade (NOV) Actual: €-0.59B Previous: €-0.65B https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇳🇴 Norges Bank Interest Rate Decision Actual: 0% Expected: 0% Previous: 0% https://www.dailyfx.com/economic-calendar#2021-01-21
  • 🇵🇱 Employment Growth YoY (DEC) Actual: -1.0% Expected: -1.2% Previous: -1.2% https://www.dailyfx.com/economic-calendar#2021-01-21
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in Wall Street are at opposite extremes with 71.35%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/le9vtgEYLU
  • Heads Up:🇪🇸 Balance of Trade (NOV) due at 09:00 GMT (15min) Previous: €-0.65B https://www.dailyfx.com/economic-calendar#2021-01-21
  • Heads Up:🇵🇱 Employment Growth YoY (DEC) due at 09:00 GMT (15min) Expected: -1.2% Previous: -1.2% https://www.dailyfx.com/economic-calendar#2021-01-21
Euro Latest: Eurozone Sentiment Crashes to All-Time Low, EUR/USD Unfazed

Euro Latest: Eurozone Sentiment Crashes to All-Time Low, EUR/USD Unfazed

Justin McQueen, Analyst

Euro Analysis & News

  • Eurozone Sentix Crashes to All-Time Low
  • Euro Unfazed by Sentiment Survey
  • Focus on Eurogroup Meeting

Recap: The latest Eurozone Sentix Investor Confidence survey showed that the index crashed to an all-time low of -42.9, dropping below expectations of -37.5 as the Eurozone faces a sharp recession amid the impact of the coronavirus. The Sentix Managing Director noted that the situation is much worse than in 2009, adding that the recession will go much deeper and longer. On a country-specific basis, the sentiment index for Germany dropped to -36 from -16.9, marking its worst level since March 2009.

Figure 1. Eurozone Sentix at an All-Time Low

Euro Latest: Eurozone Sentiment Crashes to All-Time Low, EUR/USD Unfazed

Reaction: That said, while the Sentix index had plunged to an all-time low, the Euro is somewhat unfazed with the currency dipping marginally on the release, given that such a weak figure had been largely expected.

What to Watch: As we look ahead, eyes will be on tomorrows Eurogroup meeting, where Europe will look to achieve a compromise on a stimulus package to combat coronavirus. While the likes of Germany have thus far rejected proposals on corona-bonds, they may opt for an increase in funding via the ESM and the EIB.

EUR/USD Price Chart: Daily Time Frame

Please add a description for the image.

Source: IG Charts

--- Written by Justin McQueen, Market Analyst

Follow Justin on Twitter @JMcQueenFX

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

DISCLOSURES