The market sentiment is mixed. Let’s look at most interesting movements on the market today.
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.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.