fbpx

Economic Indicator; Keep an eye on CB Consumer confidence


Economic Indicators- Consumer confidence

USD: CB Consumer Confidence at 7:30 PM

Measures: Level of a composite index based on surveyed households.

Released monthly, on the last Tuesday of the current month.
Next Release Date Jul 26, 2022

A Survey of about 3,000 households asks respondents to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation.

Forecast- [100.0%]
Previous- [106.4%]
Actual- ?

Impact- The forecast figure seems to be negative for base metals and the dollar while positive for bullions. The actual figure is to release at 7:30 PM.


USD: ECB President Lagarde Speaks at 1:30 PM

Next Release Date Jul 29, 2022

ECB President Nov 2019 – Nov 2027. Volatility is often experienced during her speeches as traders attempt to decipher interest rate clues.
As head of the ECB, which controls short-term interest rates, she has more influence over the euro’s value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.

Source: Forex Factory

For more day-to-day economic indicators, stay tuned with us! Focus on CB Consumer confidence data.


Leave a Reply

Your email address will not be published. Required fields are marked *