Welcome to Tuesday!
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.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…