US CB consumer confidence release slightly below forecasts

Deltafx 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%.

Do you like it?

Rate this post

Leave a Reply Cancel reply

Frequently asked questions (FAQ) and their answers about Deltafx broker

what you read here:1 Account Verification2 Transferring funds to account3 Withdrawing from account4 Trading platform4.1 How should I download MetaTrader 4?5

What is CFD?

CFDs allow investors to speculate on financial markets without buying or selling any underlying assets. you can use CFDs in different markets and use leverages

Inflation increases in Canada as the consumer price index falls

The Canadian Consumer Price Index measures the average price level of a basket of goods and services purchased by consumers and reflects the rate of inflation.

Technical analysis of the EURUSD currency pair; 08-01-2023

Last week and after the New Year, this currency pair was accompanied by a decline, but could not exceed the level of 1.04905. In a recovery movement in the last hours of last week, the market climbed to the level of 1.06392. In the next week, we expect that

Binary Options Contracts

Binary options contracts have two possible results at expiration time in which you make a fixed profit or lose your money. In this article you will learn everything about binary options in detail with their pros and

MetaTrader 4 vs Metatrader 5

MetaTrader 4 and 5 are two modern trading platforms that are developed for different target audiences with different approaches. The MT4 is a better choice for forex trading and new traders. however, the MT5 is more suitable for experienced traders.