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
Wall Street
More View more
Real Time News
  • A pretty clean break from $SPX and other risk-sensitive assets are following along. As Hans Landa said in Inglorious Basterds: "Ooooooo. That's a Bingo"
  • US Dollar Index reaches a multi-month high as markets strike a risk-off tone $USD $DXY
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.13%, while traders in GBP/JPY are at opposite extremes with 70.14%. See the summary chart below and full details and charts on DailyFX:
  • EUR/USD sheds 40-pips in a matter of minutes as the US Dollar strengthens broadly. Get your $EURUSD market update from @RichDvorakFX here:
  • Well, I don't think Powell will temper interest/concern around central banks having to pullback in the foreseeable future. Both 'taper tantrum' and 'operation twist' search interest charging higher:
  • Indices Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Germany 30: -0.86% FTSE 100: -1.20% France 40: -1.27% Wall Street: -2.32% US 500: -2.53% View the performance of all markets via
  • Nasdaq now down over 3% today, confirming 10% correction territory. $QQQ
  • $USDCHF has continued to strength today, now above the 0.9280 level, trading around the highs hit in late September. The pair has performed strongly since mid February as US rates have continued higher, rising from 0.8900 by nearly 400 pips to its current levels. $USD $CHF
  • Against the backdrop of rising bond yields, both the Bank of England and European Central Bank will meet over the next two weeks. Get your market update from @CVecchioFX here:
  • Oil - US Crude IG Client Sentiment: Our data shows traders are now at their least net-long Oil - US Crude since Jan 06 when Oil - US Crude traded near 5,008.80. A contrarian view of crowd sentiment points to Oil - US Crude strength.
US Consumer Sentiment Rises in June, Unfazed by Trade Wars

US Consumer Sentiment Rises in June, Unfazed by Trade Wars

Peter Hanks, Strategist

Talking Points:

  • The UofM measure of consumer sentiment clocked in at 99.3 versus 98.0 for May
  • Confidence was buoyed by strong economic growth and low unemployment among other factors
  • Trade wars remain an important factor influencing consumer confidence, despite this month’s increase

Learn the number one mistake traders make when trading. Download our Traits of Successful Traders Guide in the Beginner section of the DailyFX Trading Guides page.

The University of Michigan released their monthly sentiment report, gauging the confidence of US consumers. The measure for June saw an uptick to 99.3 from 98.0 registered in the previous report. The reading would also beat the official forecast of 98.5. Confidence has risen steadily behind this series in recent months, showing a lack of concern for the scope of economic fallout from ongoing trade wars between the US and some of its top peers and competitors.

Although economic headlines trumpeted concerns such as th tariffs the US levied on Canada, Mexico, the EU, and China – along with those countries’ plans to retaliate – consumers focused on more immediate and palpable domestic concerns like unemployment and wage growth. The University of Michigan cited low unemployment, strong economic growth, and rising wealth levels for June’s increase. Richard Curtin, the survey’s chief economist said “consumer sentiment rose slightly in early June due to consumers’ more favorable assesments of their current finacial situation and more favorable views of current buying conditions for household durables.” Despite the increase, consumers and investors should still be wary of the ongoing geopolitical concerns and trade disputes.

As we look to markets, the sentiment report looks to be overshadowed by other concerns with domestic indices facing early decline. While the sentiment indicator is an important metric, markets have other headlines to digest. The US announced $50 billion worth of tariffs on China, an action sure to cause concern for markets. Later in the day, the Treasury International Capital or TIC statement is due. As a measure of the flows from stocks, bonds, and money market funds to and from the US, the statement will be sure to provide illumination for the ongoing trade wars.

Chart: S&P 500, 10-Minute June 15th

US Consumer Sentiment Rises in June, Unfazed by Trade Wars

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