Skip to content
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. See our updated Privacy Policy here.

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
More View more
Market Sentiment Improving But EUR/USD, EUR/GBP Weak | Webinar

Market Sentiment Improving But EUR/USD, EUR/GBP Weak | Webinar

Martin Essex, MSTA,

Market sentiment analysis:

  • Trader confidence has been boosted by optimism that a US stimulus package will be agreed and that the US vaccine program is now on track.
  • However, the Euro is failing to benefit, with pairs like EUR/USD and EUR/GBP falling back.
Advertisement

Traders more confident

Traders are becoming more confident that US President Joe Biden will be able to push a sizeable stimulus package through Congress and that coronavirus vaccinations in the US are back on track – benefiting assets like stocks that are seen as more risky.

However, the Euro is failing to benefit, with EUR/GBP falling and EUR/USD dropping as well.

EUR/USD Price Chart, One-Hour Timeframe (January 27 – February 2, 2021)

Latest EUR/USD price chart.

Chart by IG (You can click on it for a larger image)

EUR/USD Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -4% 2% -2%
Weekly -27% 52% -10%
What does it mean for price action?
Get My Guide

In this webinar, I looked at the trends in the major currency, commodity and stock markets, at the forward-looking data on the economic calendar this week, at the IG Client Sentiment page on the DailyFX website, and at the IG Client Sentiment reports that accompany it. You might also like to check out the DailyFX Trading Global Markets Decoded podcasts.

EUR Forecast
EUR Forecast
Recommended by Martin Essex, MSTA
Download our Euro Q1 forecast
Get My Guide

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me on Twitter @MartinSEssex

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

DISCLOSURES