Trade Desk Thoughts - Sentix Investor Confidence

Sentix Investor Confidence Actual -27.8, Expected -27.1, Previous -20.2

Release Explanation: Measures the investors' confidence in the European economy. A rising trend has a positive affect on the currency since it shows investors are bullish and more likely to buy the currency.

Trade Desk Thoughts: The Sentix indicator shows investors are continuing to turn bearish on the European economy. At the same time, private and institutional traders' assessment of the European economic future has deteriorated.

Forex Technical Reaction: The euro had no reaction to the news release and continues to look like it wants to break to the downside, under TheLFB S2.

Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com

TheLFB Risk Disclaimer can be found at http://www.thelfb-forex.com/content.aspx?id=174.

The Copying, Broadcast, Republication or Redistribution of TheLFB Content is Expressly Prohibited Without the Prior Written Consent of LFB Services, LLC.