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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Sentiment in EUR/USD, GBP/USD, AUD/USD and NZD/USD Hurt by EU Lockdowns | Webinar

Sentiment in EUR/USD, GBP/USD, AUD/USD and NZD/USD Hurt by EU Lockdowns | Webinar

Martin Essex, MSTA,

Market sentiment analysis:

  • Trader confidence has been hit by the slow rollout of coronavirus vaccines in the EU, by Germany’s extension of lockdown to April 18 and the order that Germans should stay at home for five days over Easter.
  • With new cases in France accelerating and Austria postponing the reopening of cafes and restaurants, the US Dollar and the Japanese Yen are strengthening at the expense of many other currencies, including the Euro.

Trader confidence hit by EU virus problems

The US Dollar and the Japanese Yen are benefiting from “risk off” sentiment in the markets caused largely by the EU’s coronavirus problems. Concerns persist that vaccinations have been slow and, in addition, the virus seems to be spreading. That has weakened EUR/USD, GBP/USD, AUD/USD and NZD/USD as well as the same currencies against JPY.

EUR/USD Price Chart, Daily Timeframe (December 1, 2020 – March 23, 2021)

Latest EUR/USD price chart.

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

Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -9% 9% 1%
Weekly 6% 6% 6%
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.

The Quiz
Discover what kind of forex trader you are
Start Quiz

--- 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.