The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2. It is based on a survey of 2000 individuals. The components of the indicator are calculated as the difference between positive and negative answers to the questions asked.
Consumer Confidence shows how individuals see current economic conditions and give a preview into the economic activity of the Eurozone. If the level of indicator is strong, it indicates better economic conditions. As a result, the euro rises.
Follow the economic calendar and compare the actual figures with the consensus given.
Instruments to trade: EUR/USD, EUR/GBP, EUR/JPY
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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