The Sentix Investor Confidence report which was published this morning revealed an unsurprising downturn in sentiment among large investors and market analysts. The report is a diffusion index based on survey responses from these two groups in Europe.
Given the significant downturn in market fundamentals since early May, this report had almost zero impact on today’s trading as it was largely assumed such a reading was impending. Traders have nonetheless digested this information and moved slightly more in the direction of safe-haven assets.
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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
