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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, Analyst

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.
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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)

EUR/USD Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -2% -2% -2%
Weekly -28% 27% -3%
What does it mean for price action?
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--- 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.

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