Eurozone Sentix Investor Confidence Index declines to -13.9 in August vs. -7.3 previous

Eurozone investors’ morale worsens further in August.
EUR/USD keeps the range above 1.0950 despite the downbeat Eurozone data.

The Eurozone Sentix Investor Confidence Index fell further from -7.3 in July to -13.9 in August, according to the latest survey published on Monday.

Aug 5, 2024

Eurozone Sentix Investor Confidence declined to -13.9 in August from previous -7.3

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Aug 5, 2024

EUR/USD: Bulls push to test 1.1000 – UOB Group

Chance for Euro (EUR) to advance further. It could trigger a rapid rise towards 1.1000, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann EUR breaks above 1.0950 and moves towards 1.1000 24-HOUR VIEW: “Last Friday, we held the view that ‘there is room for EUR to test the major support at 1.0760 before a recovery can be expected.’ However, after dipping to a low of 1.0781, EUR lifted off in NY trade, blowing past several strong resistance levels with ease before closing higher by 1.08% (1.0908).

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