
Goldman Sachs turns bullish on China, news from ECB, and Twitter's drama - everything you need to know in one place!
In January, American consumer confidence headed south to a 1-1/2 year-minimum due to the fact that a partial shutdown of the US cabinet as well as financial markets turmoil left American households somewhat anxious about the US economy's prospects.
The dive in confidence posted by the Conference Board on Tuesday actually mirrors another poll conducted earlier this month that showed that sentiment tumbled to its lowest value since Donald Trump was elected, backing experts’ assurance that the American economy was losing momentum.
In January, the Conference Board's consumer confidence index headed south by 6.4% ending up with 120.2. It appears to be the lowest outcome since July 2017. Experts explain the third monthly dive in a row by financial market volatility as well as the government shutdown.
The poll’s expectations measure headed south to levels last observed in October 2016. The longest shutdown in the history of the United States concluded on Friday when US leader and Congress agreed to temporary government financing, without funds for his US-Mexico border wall. As the nonpartisan Congressional Budget Office points out, the American conomy was deprived of $11 billion for the five-week shutdown.
With the government shutdown as well as financial markets stabilizing, a number of experts actually expect a rebound in confidence in the nearer future.
However, others don’t demonstrate such a confidence, drawing attention to the fact that for the last three months the Conference Board's confidence index has gone down 17.7 points, which appears to be the most impressive decrease since 2011.
American Treasury prices went up on the confidence data. At the same time, the evergreen buck was nearly intact versus a group of its rivals. As for American equities, they generally tumbled reacting to fears about the approaching US-China trade negotiations.
Goldman Sachs turns bullish on China, news from ECB, and Twitter's drama - everything you need to know in one place!
Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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