News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Wall Street
Bearish
Gold
Bearish
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Mixed
More View more
Real Time News
  • there's that 1.4000 level again $GBPUSD multiple resistance inflections on the way up. first support test at this spot since the breakout https://t.co/qpsq0NqMvN https://t.co/snZCBwNrby
  • $USD made it a quick trip up to fibo resistance looked at in yday's webinar ~90.82 https://t.co/gedHWHfyKN https://t.co/ICAUcMaHYT
  • This is a pair flying under the radar but registering an extreme. $CADJPY weekly has difference between spot and 50-week moving average at +9.5%. Momentum past three weeks not only aggressive, the move has pushed it to 50% of 2014-2020 and 38.2% Fib of historical range https://t.co/yQJ15UpOTG
  • 🇺🇸 Initial Jobless Claims (08/MAY) Actual: 473K Expected: 490K Previous: 566K https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇺🇸 Jobless Claims 4-week Average (MAY/08) Actual: 534K Previous: 655.75K https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇺🇸 Continuing Jobless Claims (01/MAY) Actual: 3655K Expected: 3655K Previous: 3651K https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇺🇸 PPI MoM (APR) Actual: 0.6% Expected: 0.3% Previous: 1% https://www.dailyfx.com/economic-calendar#2021-05-13
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.48%, while traders in GBP/JPY are at opposite extremes with 68.51%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ebZHqitIAd
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.20% 🇯🇵JPY: 0.12% 🇪🇺EUR: 0.08% 🇳🇿NZD: -0.06% 🇬🇧GBP: -0.12% 🇦🇺AUD: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/i6Lngot973
  • Heads Up:🇺🇸 Initial Jobless Claims (08/MAY) due at 12:30 GMT (15min) Expected: 490K Previous: 498K https://www.dailyfx.com/economic-calendar#2021-05-13
Consumer Confidence Dips; Questions Abound on Q3 Consumer Activity

Consumer Confidence Dips; Questions Abound on Q3 Consumer Activity

Omar Habib,

Talking Points:

- Consumer Confidence fell to lowest reading of 2016 in today’s University of Michigan reading.

- Long-term inflation expectations fell, increasing pressure on Federal Reserve officials.

-The USD weakened slightly on an overall limited market reaction.

On the heels of a strong Advance Retail Sales reading this morning, the University of Michigan Consumer Confidence survey showed a weak read of 87.9 versus the 92 expectation and 91.2 previous print; producing the weakest reading since September 2015. A strong consumer is vital to a strong US economy. Consumption is approximately 70% of US Gross Domestic Product and has been the primary driver of US GDP this year. While the headline GDP reading for Q2 was only 1.4%, Personal Consumption Expenditures grew 4.3%. Consumption kept GDP above water, which was being dragged down by negative growth in government spending and private investment.

One of the things the Fed has been highlighting in the past few months has been falling survey-based inflation expectations. Market-based inflation expectations have been low for years now but survey-based held steady until earlier this year. According to the University of Michigan survey, long-term expectations fell again to 2.4% from 2.6%, while short term expectations remained steady at 2.4%.

See the DailyFX economic calendar for Friday, October 14, 2016

Chart 1: USD/CAD 1-minute Chart: October 14, 2016 Intraday

Consumer Confidence Dips; Questions Abound on Q3 Consumer Activity

While the USD had a very limited reaction to the release of this data, look to 1:30pm EDT today for Chair Yellen to speak at the Boston Fed Conference.

--- Written by Omar Habib

To give feedback, e-mail feedback@dailyfx.com.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES