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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.82% Silver: 0.04% Gold: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/O3RaJ4mr4W
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.79% 🇳🇿NZD: 0.68% 🇬🇧GBP: 0.46% 🇨🇦CAD: 0.17% 🇨🇭CHF: 0.07% 🇯🇵JPY: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UMZm9sOyoN
  • GBPAUD down 25 big figures since April 2...will today's EU/UK briefing by Michel Barnier (12:00 BST) halt or accelerate the sell-off? #gbpaud #sterling #euuktalks https://t.co/QCTg3VugSj
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.17% France 40: 1.08% Wall Street: 0.92% US 500: 0.80% FTSE 100: 0.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MwxVWpqxb3
  • EU's Barnier scheduled to speak at 1200BST following EU-UK trade talks
  • The #Dow Jones, #Nasdaq and S&P 500 have continued to melt higher in recent days even as bullish catalysts seem to sputter out. Get your #equities market update from @PeterHanksFX here: https://t.co/6QGkvWJ20E https://t.co/3ysgLGSUIJ
  • Heads Up:🇮🇳 Monetary Policy Meeting Minutes due at 05:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-06-05
  • 🇯🇵 Leading Economic Index Prel Actual: 76.2 Expected: 84.5 Previous: 85.1 https://www.dailyfx.com/economic-calendar#2020-06-05
  • 🇯🇵 Coincident Index Prel Actual: 81.5 Expected: 90.3 Previous: 88.8 https://www.dailyfx.com/economic-calendar#2020-06-05
  • 🇯🇵 Leading Economic Index Prel Actual: 72.6 Expected: 84.5 Previous: 85.1 https://www.dailyfx.com/economic-calendar#2020-06-05
Consumer Confidence Rose in April, Despite Market Expectations

Consumer Confidence Rose in April, Despite Market Expectations

2018-04-24 14:45:00
Dylan Jusino,
Share:

Talking Points:

- The Confidence Board Sentiment Index rose from the previous month at 128.7 despite bearish market expectations

- The present and business conditions indices rose as well, though responses were fairly mixed

- US Dollar Index impact was limited as

- See the DailyFX Economic Calendar for upcoming economic data and for a schedule of live coverage see the DailyFX Webinar Calendar.

The Conference Board’s,Consumer Confidence Index increased in April, after falling in March. The Index now came in at 128.7, from 127.0 in March. Markets were expecting the Index to fall again this month to 126. The Present Situation Index increased from 158.1 last month to 159.6 in April. Similarly, the Expectations Index improved from 106.2 last month to 108.1 this month. The Conference Board made note that this data reflects consumer sentiment as of April 12, the preliminary result cutoff date.

Lynn Franco, Director of Economic Indicators at The Conference Board, stated that consumers rated “both business and labor market conditions quite favorably. Consumers’ short-term expectations also improved, with the percent of consumers expecting their incomes to decline over the coming months reaching its lowest level since December 2000 (6.0 percent).” She also reiterated that confidence levels remain strong “and suggest that the economy will continue expanding at a solid pace in the months ahead.”

Further results from the surveys are listed below:

  • Consumers saying business conditions are “good”: 35.2% from 37.6%
  • Consumers saying business conditions are “bad”: 11.3% from 13.3%
  • Consumers claiming jobs are “plentiful”: 38.1% from 39.5%
  • Consumers claiming jobs are “hard to get”: 15.2% from 15.7%

Overall, the sentiment concerning business conditions and job opportunities was mixed. Mention was made of recent trade disputes between global trade partners, including the US and China. Protectionism and fiscal stimulus may not be at the top of consumers’ minds just yet even though tariffs could put upward pressure on the prices of goods. To see the full Consumer Confidence Survey click here.

To get a good grasp of risk management for new and experienced traders be sure to check out Traits of Successful Traders.

Below is a list of economic releases that has had a limited impact on the US Dollar:

-USD Consumer Confidence Index (APR): 128.7 versus 126 expected, from 127.0 (revised lower from 127.7 previously)

- USD Conf. Board Present Situation (APR): 159.6 from 159.9 previous

- USD Conf. Board Expectations (APR): 108.1 from 106.2 previous

Learn how to trade with our free trading guides covering USD, EUR, Bitcoin, and more.

Chart 1: DXY 15-minute Chart (April 22 - 24, 2018)

Consumer Confidence Rose in April, Despite Market Expectations

The US Dollar Index rose by a few pips following the data. Otherwise, the reaction was limited. This is no coincidence considering consumers’ expectations were essentially unchanged from last month. At the time that this was written, DXY traded at 90.88.

--- Written by Dylan Jusino, DailyFX Research

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

DISCLOSURES

News & Analysis at your fingertips.