Eurozone Sentix Investor Confidence turns positive to 0.9 in August

Sagar Dua FXStreet

Eurozone’s Sentix Investor Confidence data, a key indicator of Investor morale, turns positive to 0.9 in August, the first time in five months. The sentiment data turned negative in March when the Middle East war started. The data also improved to -3.1 in July.

Market reaction

A marginal selling pressure is seen in the Euro (EUR) after the data release. Still, EUR/USD trades marginally higher to near 1.1563 at press time

Economic Indicator

Sentix Investor Confidence

With among 1600 financial analysts and institutional investors, the Sentix Investor Confidence is a monthly survey which shows the market opinion about the current economic situation and the expectations for the next semester. The index, released by the Sentix GmbH, is composed by 36 different indicators. Usually, a higher reading is seen as positive for the Eurozone, that means positive, or bullish, for the Euro, While a lower number is seen negative or bearish for the unique currency.

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