U.S. Conference Board Consumer Confidence Actual 39.2, Expected 29.6, Previous 26.9
Release Explanation: A survey of the sentiment of 5,000 households regarding current and future economic conditions.
TheLFB-Forex.com Trade Desk Thoughts: The report builds an economic picture of the mood of the economy’s consumer and therefore how well the service based U.S. economy may fair over the coming months. This will go on to possibly impact retail sales, CPI, durable goods, and GDP over a period of time if a constant trend is being built.
Forex Technical Reaction: “The equity market took a pop higher after the report, and held ground. The major pairs however have not been able to break on the dollar, and are still working through the daily chart SMA areas TheLFB-Forex.com Trade Team noted.