US CB consumer confidence release slightly below forecastsDeltafx Admin 5 February 2023
(CB) Consumer Confidence measures the degree of consumer confidence in economic activities. This index is a leading indicator of consumer spending because it can predict consumer spending, which plays an important role in economic activity. The release of a higher figure indicates greater consumer optimism.
A higher than expected reading should be considered positive/bullish for the USD, while a lower than expected figure should be considered negative/bearish for the USD.
The US Consumer Confidence Index was released at 3:00 on January 31 and came in slightly below forecasts at 1.7%. It should also be noted that the value of the last period of this index was corrected to the level of 109.0%.