How to trade after US Consumer Confidence?

How to trade after US Consumer Confidence?

The report will be out on Tuesday at 17:00 MT time!

Instruments to trade: EUR/USD; USD/JPY; GBP/USD; USD/CAD

The US CB consumer confidence simply shows how much money people intend to spend these days buying goods and services. The more people consume – the more products are sold. As a result, an economy prospers. Obviously, people are going to buy less and save more amid the coronavirus pandemic, especially now when the second virus wave has engulfed most of the US states. The market reaction depends on whether actual numbers exceed expectations or not. It is so good that traders have an opportunity to open both buy and sell positions. October’s report revealed that people were going to spend less than analysts expected, that’s why the USD dropped. Remember the rules below and follow the release!

  • If consumer confidence is greater than expected, the USD will rise.
  • Otherwise – fall.

Check the economic calendar




Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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