Eurozone Sentix Investor Confidence beats expectations, hits highest since August 2015

Euro-Zone’s Economic Sentiment Indicator surged in January to its highest level since the middle of 2015, driven by better assessments on the current situation and economic outlook, survey results from Sentix showed Monday.

The economic sentiment index for Eurozone spiked to 18.2 from 10 in December, well above the economists’ expectations. The latest score was the highest since August 2015. The current situation index rose to 16.5 from 8.3, marking its highest level since July 2011. The expectations index increased to 20 from 11.8.

Germany's index climbed to 33.1 from 27.8. The current situation index rose to a 5-year high of 52.5. The expectations measure also increased to 15.3. US economic sentiment index hit its second all-time high in a row. The current situation index rose to its highest level since May 2006, though expectations eased slightly. Consequently, the Global Aggregate Index jumped to a 9-year high.

"The Eurozone's economic indices finally align with the already positive development of the indices of other world regions. The region benefits from repeated announcements by president-elect Trump to establish a mutually beneficial relationship between the two countries," Sentix said.

Euro bulls jumped back on the bids following the release of upbeat Eurozone Sentix investors’ confidence numbers. EUR/USD edged higher towards 1.0550 post-Sentix data, but upside lacks traction. The pair has retraced gains to trade around 1.0514 at 10:40 GMT.

FxWirePro Currency Strength Index showed Hourly EUR strength was at 40.4645 (Neutral) at 1130 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.