US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
The index of consumer confidence in America rallies to a maximum for 17 years in May
As follows from a report issued on Tuesday, the consumer confidence index in the United States managed to ascend in May.
As follows from the report of the research organization Conference Board, in May the US consumer confidence index edged up to 128.0 versus the experts' prediction for surge to about 128.2.
The indicator for April was updated downwards to about 125.6 in contrast with the original reading of 128.7.
The consumer confidence index actually reflects the attitude of consumers towards the current economic situation and also enables to get their forecast for the next six months. The value of this index attracts close attention of market experts due to the fact consumer spending accounts for up to 70% of American economic surge.
In May, the current situation index went up from 157.5 to 161.7, the index of expectations edged up from 104.3 to about 105.6.
Consumer confidence tacked on in May after a modest dive in April, as some financial analysts pointed out.
In addition to this, market experts noted that in May consumers' assessment of the current economic situation managed to ascend to a maximum for 17 years. The given outcome actually suggests that economic surge in the United States speeded up in the second quarter compared with the first three months of 2018.
Short-term forecasts of consumers have improved a bit and it indicates that economic surge in the nearer future won’t speed up, as some financial analysts explained.
In general, the level of consumer confidence still appears to be at one of the highest values for the whole history of its evaluation. It definitely indicates stable consumer spending in the United States in the short term, market experts pointed out.
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
NFP is going out at 15:30 MT today. Let’s see what major banks forecast for Nonfarm Payrolls.
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
What's moving markets on Friday? What is the hottest news? Let's find out!