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Sentix Investor Confidence slide to +9.6 points

Monday, Jan 11 2016
That’s not what many investors have expected: right at the start of 2016, investors have to farewell certainties of 2015. Dark clouds arise in the east and could carry more than just light showers. it seems undoubtedly reasonable that the Chinese business cycle face a period of significant slow down, rather it seems like a hard landing. Such a scenario would not pass the Eurozone without damage. With these concerns in mind, the sentix Economic Index for the Eurozone significantly fell in January 2016. The headline index slide 6.1 points down to +9.6 points. Analysts were predicting reading of +11.5.
 The Eurozone is not immune against the drift towards weaker global growth. Expectations dropped to +6.3 points from previously +18.0 points. The shakeup at Chinese stock exchanges is perceived more than a “technical issue” by investors. Economic ex-pectations for Asia ex. Japan show the strongest nosedive ever recorded. Yet, economic expectations for the US economy are negative, the first time since October 2012. Latin America is still battles with recession.
 
Euro is currently being traded around 1.0880 area. Pair is likely to find support around 1.0850 handle and resistance above 1.0930 level. There will be no major data releases in the rest of the session.
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