Another opportunity to trade the USD

Another opportunity to trade the USD

The level of American CB consumer confidence will be published on December 27, at 17:00 MT time.

It's a survey of about 5 thousand households which asks the respondents about the current and future economic conditions. This is a leading indicator of consumer spending, which represents the majority of the overall economic activity.

• If consumer confidence is higher than the forecast, the USD will rise;

• If consumer confidence is lower than the forecast, the USD will fall.

Check the economic calendar

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The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.

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