Will the USD be supported?

Will the USD be supported?

The United States will release CB consumer confidence level at 17:00 MT time on November 27.

The level of consumer confidence demonstrates the consumer spending which is linked to the economic activity of the country. About 5 thousand households participate in the survey. They rate the current and projected economic conditions. Last month the level of confidence reached a higher-than-expected level of 137.9. According to the current economic conditions of the USA, it can happen again.

• If the consumer confidence is higher than expected, the USD will rise;

• If the consumer confidence is lower than expected, the USD will fall.

Check the economic calendar


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Strong USD on Tuesday
Strong USD on Tuesday

The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.

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ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

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