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
Low
High
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
GBP/USD
Bullish
USD/JPY
Mixed
Gold
Mixed
Low
High
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
Oil - US Crude
Bearish
Low
High
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
Bitcoin
Mixed
More View more
Real Time News
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.35% 🇦🇺AUD: 0.22% 🇯🇵JPY: 0.16% 🇨🇭CHF: -0.01% 🇬🇧GBP: -0.10% 🇨🇦CAD: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/eSBVAvI7mB
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.31% US 500: -0.06% France 40: -0.10% Wall Street: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/YY36jf96CD
  • For #gold to make another attempt at $1,500/oz. and above, the spot price will need to take out two levels of resistance. Get your $XAUUSD technical analysis from @nickcawley1 here: https://t.co/o9TKzPUrwK $GLD https://t.co/myzVurNtBB
  • Fed's Williams: - Operating framework is currently very efficient and effective - No need for a reconsideration on operating framework for Ample-reserves $SPX $DXY
  • The Atlanta Fed GDPNow model forecast for Q4 rises to 0.42%, previously at 0.31% $DXY $SPX
  • UK Election Poll (Kantar) - Conservatives 45% (+8) - Labour 27% (unch) - Lib Dems 16% (-1) - Brexit Party 2% (-7)
  • En español: La tendencia del oro carece de claridad por la falta de avances en la guerra arancelaria y las dudas sobre el posible desenlace del conflicto comercial entre Estados Unidos y China #trading #XAUUSD $XAUUSD $gold https://t.co/WuxBJAciue https://t.co/Qq8yyc8Nbh
  • Chair of House Committee on Ways and Means Neal: - USMCA could be completed by Christmas if backed by Trump $DXY $CAD $MXN
  • Chair of House Committee on Ways and Means Neal: - Differences on USMCA are pretty small - Democrats no worried about handing Trump a victory #trade $DXY $MXN $CAD
  • RT @JohnRentoul: New Kantar poll, 14-18 Nov: 18-pt Tory lead Con 45% +8 Labour 27% ±0 Lib Dem 16% -1 Green 3% ±0 Brexit Party 2% -7 (Chan…
University of Michigan Consumer Sentiment Index Misses Estimates

University of Michigan Consumer Sentiment Index Misses Estimates

2019-04-12 15:21:00
Thomas Westwater,
Share:

UNIVERSITY OF MICHIGAN CONSUMER SENTIMENT - TALKING POINTS:

  • UofM Consumer sentiment misses estimates coming in at 96.9 vs estimates of 98.2
  • The index is still well off its 2 year low in January
  • Consumer sentiment remains at historically high levels compared to previous decades

The University of Michigan preliminary reading on consumer sentiment came in at 96.9 this morning, missing estimates of 98.2. The miss on estimates is largely insignificant as the index remains near historically high levels following years of economic expansion resulting in a healthy environment for American consumers.

The Michigan data saw consumers seeing less of an impact from last years tax cuts which could be indicating that its impact on the economy did not flow down into households as well as some thought. Consumers are also still concerned with home prices which could continue to predict trouble for the home market as home sales have seen some hiccups early this year.

University of Michigan Consumer Sentiment March 2019 Price Chart

The market largely shrugged off the miss with the S&P 500 up over half a percent, thanks to a strong start to earnings season with JP Morgan posting record profits and revenue. However, with consumer spending making up over 70% of the American economy, investors will continue to closely follow this metric, as the economy nears a point many consider to be the peak, or near the peak, of this economic expansion cycle.

SPX S&P500 Price Chart in response to UofMich March 2019 Consumer Sentiment Data

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

News & Analysis at your fingertips.