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CB Consumer Confidence index will be announced at 17:00 MT time on Tuesday.
Instruments to trade: EUR/USD, USD/GBP, AUD/USD, USD/JPY
These days don’t seem too eventful in terms of planned economic meetings or announcements on the global scale. That’s good: it gives us time to look at many other indicators, apart from the usual labor statistics, inflation, and interest rates. One of these is consumer confidence. Although it does not move the currency prices as intensely as the primary indicators do, it may still have its effect if it significantly deviates from expected levels. CB Consumer Confidence index is a summary of a questionnaire done with 5000 households. They inform on the economic outlook, current conditions, spending, and business environment. If the indicator overshoots the forecast, it supports the national currency. Hence, we are yet to see how confident the US consumers are about their country’s economy.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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