Market Brief 26 September: Consumer Confidence from the U.S. is due


Today major market catalysts are to be expected from the United States, both events taking place at the same time.

United States

USD 15:00 p.m. GMT + 1, CB Consumer Confidence (Sep)- the index is indicative of consumer optimism or pessimism regarding overall economic activity. The indicator is a major one as it is looking forward in the economy going 6 months ahead, that is the indicator is a leading one. It predicts consumer spending and can be employed in long-term trading strategies. Expectations in September are for a decrease in Consumer Confidence at 120.0 versus 122.9 for the previous period. If the reading is better than expected this should raise the price of the dollar, while a lower than expected result, should be seen as a bearish sign for the currency.

USD 15:00 p.m. GMT + 1, New Home Sales (Aug) –the number is indicative of the number of new single-family homes sold during the month of August. Expectations are for an increase of the home sold at 585K in August versus 571K for the month of July. A higher number coming out should suggest bullishness for the currency while a lower than projected result should decrease the value of the U.S. dollar.

 

 

Wishing you Happy and Successful trading!
 

Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.”  Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.

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