Eurozone Sentix Investor Confidence Index jumps to -2.9 in March vs. -12.7 previous

Eurozone investors’ morale improved remarkedly in March.
EUR/USD jumps toward 1.0850 after the Eurozone data.

Dhwani Mehta FXStreet

The Eurozone Sentix Investor Confidence Index leaped to -2.9 in March following February’s -12.7, the latest survey showed on Monday.

The Current Situation gauge for the bloc rose to -21.8 in March from -25.5 in February.

Sentix said: “For Germany, investors are downright euphoric.”

"The picture was different in other parts of the world. In the United States, there was a massive slump in current situation and expectations values," it added.

Market reaction to the Eurozone Sentix data

EUR/USD holds its renewed upside near 1.0850 after the Eurozone data. As of writing, EUR/USD is trading 0.11% higher on the day at around 1.0845.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD posts modest gains above 1.1650 amid weaker US Dollar

EUR/USD posts modest gains above 1.1650 in the European session on Monday. The prospect of a US Federal Reserve rate cut at its December meeting on Wednesday keeps the US Dollar undermined across the board, supporting the pair amid strong German Industrial Production data. Eurozone Sentix Investor Confidence data is next in focus.

GBP/USD consolidates above 1.3300 as traders await Fed rate decision

GBP/USD kicks off the new week on a subdued note and oscillates in a narrow trading band above 1.3300 in European trading on Monday. The pair, however, remains close to the highest level since October 22, with bulls awaiting a sustained strength on a potential dovish Fed verdict due later this Wednesday.

Gold holds firm above $4,200; awaits Fed rate decision on Wednesday before the next leg up

Gold sticks to its modest intraday gains through the early European session, though it lacks bullish conviction and remains confined in a one-week-old trading range. The growing acceptance that the US Federal Reserve will lower borrowing costs again this week keeps the US Dollar depressed near a one-month low and acts as a tailwind for the non-yielding yellow metal.

Bitcoin and Ethereum aim for breakouts as Ripple holds at $2

Bitcoin, Ethereum, and Ripple record a minor recovery on Monday, starting the week on a positive note. The retail demand for major cryptocurrencies remains strong despite outflows from Bitcoin and Ethereum Exchange Traded Funds.

The Silver disconnection is real

Silver just hit a new all-time high. Neither did gold, nor mining stocks. They all reversed on an intraday basis, but silver’s move to new highs makes it still bullish overall, while the almost complete reversals in gold and miners make the latter technically bearish.