The Germany’s Gfk consumer confidence index fell to -36.5 points in its September projection, which represents a new historic low and a drop of 5.6 points compared to August this year, when it stood at -30.9 points. The result worsens the market consensus, which was expecting -31.8 for today. According to the Gfk statement, most […]
Tag: ConfidenceConsumer
US: Michigan consumer sentiment improves to 51.5 in July, its second lowest reading on record
index consumer sentiment from the University of Michigan is up a point and a half in July to 51.5 pointsimproving the 50 of June and the 51.1 expected by the market consensus. The final reading for July showed little change in consumer sentiment from its record low in June. The One-year economic outlook fell to […]
Germany: Gfk consumer confidence for August falls to record lows
index Germany’s Gfk consumer confidence has fallen to -30.6 points in its August projectionworsening July’s -27.7 (revised down from -27.4) and -28.9 expected by market consensus. This is the ninth consecutive month in which the indicator is at negative levels. According to the statement, consumer sentiment has once again lowered the historical low reached last […]
US: CB Consumer Confidence disappoints and falls in June to 16-month low at 98.7
index consumer confidence of the American Conference Board has dropped 4.5 points in June, standing at 98.7 compared to the 103.2 registered in May. The result disappoints the 100 expected by the market consensus, according to Reuters. Today’s is the lowest confidence figure seen in sixteen months, specifically since February 2021. The current situation index, […]
Germany: Gfk consumer confidence stands at -27.4 in July, a new record low
The Germany’s Gfk consumer confidence index for the month of July has fallen to -27.4 points from -26.2 in June (figure revised downwards from -26), thus reaching its historical minimum. The market consensus expected an even bigger drop, to -27.7. After a brief respite in the previous month, consumer sentiment in Germany continues its downward […]
Michigan Consumer Sentiment Index falls to 59.4 in March (final) vs. flash estimate of 59.7
According to the final version of the University of Michigan consumer opinion survey for March, the main index of consumer sentiment fell to 59.4 points against the preliminary estimate published at the beginning of the month of 59.7. This marks a substantial drop compared to February’s final estimate of the consumer sentiment index of 62.8 […]
UoM consumer sentiment index falls to 59.7 in March vs. 61.4 expected
Overall UoM Consumer Sentiment dipped below 60.0 in March, its lowest level since September 2011. Recent geopolitical events have affected consumer confidence by exacerbating inflation fears, but currency markets have not reacted much. According to the preliminary version of the University of Michigan (UoM) Consumer Sentiment survey March released on Friday, the overall Consumer Sentiment […]
US Dollar Index Dips From New Yearly High Around 95.40, Bulls Watch 96.00
The US Dollar Index starts the week on the right foot, rising 0.25%. The 10-year US Treasury yield is up almost four basis points to 1,621%. DXY Technical Outlook: A breakout above 96.00 exposes the June 30, 2020 high at 97.80, followed by a test of 100.00. The US Dollar Index, also known as DXY, […]
USD / CAD trades with modest losses around 1.2530-25 region
USD / CAD moved lower for the second day in a row amid modest USD weakness. The optimistic expectations of the Fed could limit the losses of the USD and offer support to the pair. Weaker crude prices weigh on the CAD and favor the pair’s bulls. The pair USD / CAD remains under pressure […]
EUR / USD bounces higher from 2021 lows following disappointing Michigan consumer sentiment
The EUR/USD has recovered more than 25 pips after the disappointing result of the consumer confidence of the University of Michigan. The pair, which had hit new 2021 lows at 1.1432 just before the release, has risen to daily highs at 1.1462 after the data. At time of writing it is trading above 1.1452, gaining […]