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30 Dec 2014
Today’s consumer confidence release might have a positive effect on USD – IFC Markets
FXStreet (Barcelona) - Sergey Kamenshikov of IFC Markets shares the data ahead for US in this week, further expecting today’s consumer confidence release to be higher and have a positive impact on the USD.
Key quotes
“US markets closed mixed on Monday with S&P 500 edging up to another record close, while The Dow Jones Industrial Average retreated from the record close achieved on Friday. Trading volumes were at roughly two-thirds of their 30-day average. Trading is expected to be light throughout this holiday-shortened week.”
“Today at 16:00 CET Consumer Confidence will be released in US by the Conference Board Inc. The tentative forecast indicates increasing consumer confidence which we expect will have a positive effect on US dollar.”
“On Wednesday at 14:30 CET labor market statistics will be released in US. The tentative forecasts for Continuing Claims and Initial Jobless Claims for weeks ending December 20 and December 27 respectively indicate marginal decrease in Continuing Claims while the Initial Claims are expected to increase marginally, which we believe may have a limited negative effect on USD.”
“At 15:45 CET Chicago Purchasing Managers’ Index will be published, the tentative forecast indicating a slight decline in the index. And at 16:00 CET Pending Home Sales for November will be released, the tentative outlook is positive.”
Key quotes
“US markets closed mixed on Monday with S&P 500 edging up to another record close, while The Dow Jones Industrial Average retreated from the record close achieved on Friday. Trading volumes were at roughly two-thirds of their 30-day average. Trading is expected to be light throughout this holiday-shortened week.”
“Today at 16:00 CET Consumer Confidence will be released in US by the Conference Board Inc. The tentative forecast indicates increasing consumer confidence which we expect will have a positive effect on US dollar.”
“On Wednesday at 14:30 CET labor market statistics will be released in US. The tentative forecasts for Continuing Claims and Initial Jobless Claims for weeks ending December 20 and December 27 respectively indicate marginal decrease in Continuing Claims while the Initial Claims are expected to increase marginally, which we believe may have a limited negative effect on USD.”
“At 15:45 CET Chicago Purchasing Managers’ Index will be published, the tentative forecast indicating a slight decline in the index. And at 16:00 CET Pending Home Sales for November will be released, the tentative outlook is positive.”