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| Time (GMT) | Event | Actuals | Forecast | Prior |
| 0830 | Eurozone Sentix Investor Confidence (Aug) | 22.2 | 29.0 | 29.8 |
Eurozone Sentix Investor Confidence falls to 22.2 in August missing estimates at 29 and compared to a reading of 29.8 in July.
About Eurozone Sentix Investor Confidence
The Sentix Investor Confidence is a monthly survey which rates the relative six-month economic outlook for the euro zone. The data is compiled from a survey of about 2,800 investors and analysts and shows the market opinion about the current economic situation and the expectations for the next six-month and one-year period.
The index, released by the Sentix GmbH, is composed by 36 different indicators. A reading above zero indicates optimism, while below zero indicates pessimism.
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 common currency.
EUR/USD Spot Analysis:
EUR/USD was trading at 1.1761 at the time of release. Sentix Investor Confidence is a negative for the single currency and is likely to keep downside pressure on the euro crosses.
