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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • Make smart trading decisions with your free guide to trade the news. Download your free guide here. #DailyFXGuides
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Gold snapped a two-week losing streak but keeps price within the broader August downtrend. These are the levels that matter on the $XAUUSD weekly chart. Get your market update from @MBForex here:
  • $GBPUSD continues to move higher, despite Friday’s weakness, as vaccination hopes continue to fuel positive sentiment despite ongoing lockdown fears and downbeat UK data. Get your market update from @nickcawley1 here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here:
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here:
  • MACD who? The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). Find out how you can incorporate MACD into your trading strategy here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • It seems the markets are riding high, but risk is always lurking around the corner. Consider your escape plan before you find yourself in collapsing market. What are the top havens for different conditions in 2021? Find out from @JohnKicklighter here:
Trade Woes Catches Up With Consumers As Sentiment Sours

Trade Woes Catches Up With Consumers As Sentiment Sours

Dylan Jusino,

Talking Points:

- The preliminary figure of U. of Michigan Sentiment survey in April was 97.8, erasing two-month of gains in the index

- Inflation expectations were revised up by 0.4%

- Consumers’ shift expectations and now anticipate growth to slow with higher interest rates

- US Dollar Index sees little benefit from consumer surveys

Curious as to where EUR/USD, GBP/USD, or USD/JPY are headed next? Be sure to sign up for our free Trading Forecasts.

The preliminary results of the University of Michigan consumer confidence survey for in for April. The print missed significantly coming in at 97.8 compared to the 100.4 expectation. The April results erased gains accumulated over the last two months. U. of Michigan reported that the decline was widely shared by all age and income subgroups across all regions of the country. The report also stated, “Uncertainty surrounding the evolving trade policy has caused many small (and at times inconsistent) changes in expectations.” 29% of consumers negatively referenced trade policies in their responses to the sentiment survey.

U. of Michigan also noted that there was a substantial difference in expectations between those who mentioned trade policies and those who did not. The expectations fell a hair below last month’s level of 88.8 to 86.8. Interestingly, consumers who mentioned trade policies anticipated a 0.4% increase in the year-ahead inflation rate. Conversely, consumers who did not mention trade policies saw not uptick inflation a year-ahead. Finally, and consistently, there was a concerning expectation of rising interest rates which slowed the anticipated pace growth in the economy.

Below is a summary for the preliminary results of the April University of Michigan Surveys:

Trade Woes Catches Up With Consumers As Sentiment Sours

The University of Michigan will be releasing the final survey results on April 27.

Chart 1: US Dollar Index 15-minute (April 10 - 13, 2018)

Trade Woes Catches Up With Consumers As Sentiment Sours

The preliminary reading from U. of Michigan has had little impact on the US Dollar Index. At the time that this was written DXY traded slightly lower at 88.80.

--- Written by Dylan Jusino, DailyFX Research

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