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.



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
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
More View more
Real Time News
  • The USD could still rally a bit from here, but has resistance not far ahead that it will need to overcome if it is to extend to a larger degree. Get your weekly $USD technical forecast from @PaulRobinsonFX here:
  • When it comes to buying and selling forex, traders have unique styles and approaches. Learn about buying and selling forex here:
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • What is your forex trading style? Take the quiz and find out:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
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.