Consumer confidence in the UK has fallen to a record low as fears of a looming recession intensify as runaway inflation increases pressure on household finances. Specifically, according to GfK, its consumer confidence index fell by 3 points to -44 in August, the lowest level since records began in 1974. All individual measures of the […]
Tag: consumer confidence
Gold Forecast: XAU/USD Buyers Failed to Break $1,800 Despite Falling US Bond Yields
The price of gold records gains for four consecutive weeks, rising 1.08%. Weaker US inflation data for the week has investors cheering and hoping the Fed will tighten monetary policy “less.” The UoM consumer sentiment report for August beat expectations. Gold Price Forecast: The price of gold remains range bound despite broad dollar weakness over […]
EUR/USD falls sharply from five-week highs, below 1.0300
EUR/USD is reeling to hold above 1.0300, preparing to end the week with gains of just 0.21%. US consumer sentiment rises to a three-month high, while inflation expectations remain mixed. Fed’s Daly: Far from declaring victory, he supports a 50 basis point hike as a base for the September FOMC. EU industrial production surprised to […]
US: Consumer confidence strengthened in August
U.S. consumer confidence rose in August, according to the University of Michigan’s index, as expectations for the path of inflation improved. In particular, falling natural gas prices helped push the consumer confidence index to 55.1 in August from 51.1 in July, beating economists’ expectations of a reading of 52.5, according to a Wall survey. Street […]
At a low since February 2021, consumer confidence in the US
Consumer confidence in the US fell to its lowest level since February 2021 in July, amid negative assessments of the economy and persistently high inflation. In particular, the Conference Board’s index moved downwards for the third consecutive month, falling to 95.7 points from a downwardly revised reading of 98.4 in June. It is noted that […]
US Consumer Confidence: Inflation Expectations Cool – Wells Fargo
The July Preliminary Report from the University of Michigan on consumer confidence showed an unexpected and modest rebound in the main index. Wells Fargo analysts point out that the main conclusion is that inflation expectations have cooled. They explain that this represents good news for Fed policymakers “and makes the pressure to ‘go big’ at […]
EUR/USD buyers take a breather after encouraging US data and target 1.0100
EUR/USD trades above 1.0060 and trims its weekly losses, down 1.03% on the week. US Retail Sales and UoM Consumer Sentiment beat estimates, relaxing prospects for a 100 basis point hike from the Fed. Interest rate differentials between the Fed and the ECB drive EUR/USD down. The buyers of EUR/USD intervened strongly to prevent the […]
US: UOM consumer confidence index improves to 51.1 in July, vs. 49.9 expected
The UOM consumer confidence index rose slightly in early July. The US dollar index is moving lower towards 108.00. The University of Michigan Consumer Confidence Index it improved slightly in early July to 51.5 in July’s flash estimate, up from 50 in June. This data was slightly better than market expectations of 49.9. As a […]
IOBE: Recession of economic climate and weakening of consumer confidence in June
The latest IOBE Economic Situation Survey records a decline in the economic climate in June, with a deterioration in all sectors of the economy, except Construction, and a weakening of consumer confidence. In particular, Mr economic climate index was formed in June at 104.3 points, clearly lower than the previous month (108.0 points), as well […]
Eurozone: Consumer confidence matches estimates and falls to -23.6 in June, its lowest level since April 2020
The Final index of consumer confidence in the eurozone stood at -23.6 points in June compared to -21.1 previously recorded, according to the latest publication of data from the European Commission. The data confirmed the consensus forecast of -23.6. On the other hand, the bloc’s economic sentiment indicator for June fell to 104.0falling from 105.0 […]