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
More View more
Real Time News
  • 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: https://t.co/kODPAfs2Iz https://t.co/DfG4YuKM4U
  • Wall Street Futures Update: Dow Jones (+0.03%) S&P 500 (-0.11%) Nasdaq 100 (-0.28%) [delayed] -BBG
  • Volatility follows the FOMC's slow approach to its second taper, but neither the Dollar nor the S&P 500 have held their charge. With US GDP ahead, expect the echoes of the central bank's warnings and watch $EURUSD and $USDCAD https://www.dailyfx.com/forex/video/daily_news_report/2021/07/29/EURUSD-Slow-Trigger-Reversal-and-USDCAD-Yet-to-Detonate-After-Fed-Before-US-GDP.html https://t.co/BCUTSX0WNY
  • China to continue allowing Chinese companies to IPO in US exchanges - CNBC via BBG
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Silver: 0.85% Gold: 0.46% Oil - US Crude: 0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/9QGWRaUfmI
  • The Swiss Franc’s technical stance against the New Zealand Dollar and Japanese Yen has brightened, with the technical outlook in NZD/CHF and CHF/JPY primed to benefit CHF. Get your market update from @FxWestwater here:https://t.co/u4GY00QpgC https://t.co/O9WscGjkwH
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.17% 🇬🇧GBP: 0.09% 🇨🇭CHF: 0.04% 🇳🇿NZD: 0.03% 🇪🇺EUR: 0.03% 🇦🇺AUD: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HNdAAVxqEA
  • (Gold Briefing) Gold Price Outlook Shifts Rosy Post FOMC, XAU/USD Eyeing US GDP Data Next #Gold #XAUUSD #GDP #Fed #FOMC https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/07/29/Gold-Price-Outlook-Shifts-Rosy-Post-FOMC-XAUUSD-Eyeing-US-GDP-Data-Next.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/EyIGPFRoQW
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.18%, while traders in France 40 are at opposite extremes with 69.12%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/I4p1Eqw06i
  • The US Dollar may remain on the offensive against ASEAN currencies amid Covid case growth and regional lockdown risks that threaten growth. All eyes are also on the Federal Reserve.Get your market update from @ddubrovskyFX here:https://t.co/f0crShr7Cf https://t.co/gqhdotvXG0
Consumer Confidence Ticks Higher, Inflation Expectations Plummet

Consumer Confidence Ticks Higher, Inflation Expectations Plummet

Peter Hanks, Strategist

Consumer Confidence Talking Points:

  • The overall index climbed to 95.5 from 91.2 in January, possibly due to the stock market’s rebound
  • Long-term inflation expectations fell to the lowest level in the past half century
  • Despite the increase, the index is still notably lower than recent months after January’s decline

See how IG clients are positioned on the Dow, Bitcoin and Dollar with our free IG Client Sentiment Data.

Consumers in the United States were marginally more confident in February than in January the University of Michigan found Friday, as the overall index ticked higher from 91.2 to 95.5. The increase is an important development to stave off a consistent downtrend in the sentiment indicator. Despite the increase, the aggregate index remains in pressured territory, considerably lower than many recent months.

Other measures of the monthly report also reached noteworthy levels. Richard Curtin, the survey’s curator, noted a few such readings. “Although the majority of consumers expected some additional rate hikes during the year ahead, that proportion has shrunk to the smallest level in the past two years,” Mr. Curtin said. Further, he highlighted the change in inflation-adjusted income expectations which consumers saw to be the highest in the last fifteen years. The reading in adjusted income was largely impacted by longer-term inflation expectations which dropped to the lowest measured level in the last half century.

While many aspects of the survey would rebound, the report still highlighted a lingering impact from the partial government shutdown as federal employees are less optimistic about the economy given their delayed income. Such concerns are difficult to shake off in a single month and the report found the shutdown to have “a slight depressing impact on confidence.”

Dow Jones Price Chart: 1-Minute Timeframe (February 15th 2019) (Chart 1)

Dow Jones price chart

The report had no palpable impact on equity markets as trade war talks look to dominate price action. President Trump heralded considerable progress on the US-China trade war front and that may spur stock markets higher in Friday’s session.

View A Brief History of Trade Wars with our Interactive Infographic

trade war history

--Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

Read more: Will the Stock Market Crash in 2019?

DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you’re looking to improve your trading approach, check out Traits of Successful Traders. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide.

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

DISCLOSURES