sentix Survey results (03-2025)

Written by Manfred Hübner | 19 January 2025
Posted in sentix Weekly

Sentiment improvement

Equity markets saw a significant rise in prices last week. This is also reflected in the sentiment indices, which show a noticeable improvement in sentiment for equities. By contrast, basic confidence can only improve selectively, e.g. in Austria. We are also seeing interesting developments in USD-JPY and in commodities (oil, silver).

Further results

• USD-JPY: change in sentiment regime
• Silver: positioning still has some catching up to do
• sentix Styles - Investor preferences & behavior

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sentix Survey results (02-2025)

Written by Manfred Hübner | 12 January 2025
Posted in sentix Weekly

Negative divergences

From a sentiment perspective, the situation on the stock markets has not changed significantly. Weak basic confidence and negative divergences in sentiment and market breadth still dominate the picture. The high level of neutrality towards US equities suggests that volatility will rise. In the currency area, the strength of the US dollar is likely to come to an end. By contrast, investors are still clearly seeking precious metals.

Further results

• FX: USD to consolidate
• Precious metals: still in demand
• sentix sector sentiment

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New year, old problems

Written by Manfred Hübner | 05 January 2025
Posted in sentix Economic News

We wish all our readers a Happy New Year. However, the ‘first mover’ among the economic indicators is not yet showing any new momentum. In the eurozone, the economic engine is at risk of freezing up permanently. The situation values fall by a full index point to -29.5 points. At least expectations are rising slightly, so that the over-all index, at -17.7 points, indicates only a small decline. A stabilisation at an insufficiently weak level. By contrast, the US economy remains robust, even though the Trump euphoria has cooled. Slightly positive signals can be re-ported from Latin America. This is likely to be largely due to the first successes of the liberal President of Argentina, Javier Milei.

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sentix Survey results (01-2025)

Written by Patrick Hussy | 05 January 2025
Posted in sentix Weekly

Extremes on the currency market

At the turn of the year 2024/2025, investor behaviour on the currency market is at extremes. In addition to the high overconfidence in the US dollar in various currency pairs, there is also increasing trend exhaustion. The TD Index also gives a contrary signal for USD/JPY. On the equity side, professionals and private investors are following different paths.

Further results

• Equities: Instis and private individuals on different paths
• HUI: Fatigue in the bias
• sentix economic index: Monday 06th January 2025 at 10:30 CET

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No mood of optimism in the EU, Trump mania in the USA

Written by Patrick Hussy | 08 December 2024
Posted in sentix Economic News

In December, there are weak economic signals for the eurozone from the first mover. The overall index for the eurozone fell by 4.6 points to -17.5 points, the lowest value since November 2023. Both the current situation and expectations values fell. There is also serious disappointment to report in the German data: Following the announcement of new elections to the German Bundestag, there is no mood of optimism. The assessment of the current situation fell to -50.8 points, the lowest index level since June 2020, meaning that the recession remains omnipresent, especially as expectations also fell by 0.8 points. Conversely, the US data stands out positively. Investors are expecting strong momentum following the inauguration of the new president. This reaction can really be described as ‘Trump mania’.

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