The U.S. Consumer Confidence Index rose in September to 138.4. It’s a new record, since 2000, following a sharp improvement in expectations. Analysts has expected this index to decrease from 138.4 to 132.2. But now it’s just in a couple of steps from the historical highs on 144.7 (Jan 2000). High values are often a good indicator of household activity increasing, as consumers are confident in further improvement of the labour market rates of economic growth.
Meanwhile, Richmond Fed has risen to 29, which is also one step away from the historical highs of the entire history, since 1993 at level 30.
Strong macroeconomic data are believed to support the currency growth, suggesting more decisive steps by the Fed to raise the rate. However, immediately after publication the pressure on the US dollar intensified: EURUSD rushed to the re-test 1.18, trading near 1.1790 at the time of this review writing.
- Brent crude oil reversed from key support level 81.00 - Likely to test resistance…
- Silver broke multi-year resistance level 29.50 - Likely to reach resistance level 32.00 Silver…
The US dollar is not giving up without a fight, gaining for the second day…
Silver climbed above $29.8, rewriting the highs from January 2021, but once again faced selling…
Market picture The crypto market cooled off on Thursday afternoon, but on Friday morning, buyers…
- Amazon reversed from resistance level 190.00 - Likely to fall to support level 180.00…
This website uses cookies