U.S CB Consumer Confidence Falls 90.9 In July, USD Slides !

forex consumer
forex consumer

Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity, It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity, higher readings point to higher consumer optimism.

The U.S CB Consumer Confidence fell 90.9 , from 99.8 in the previous month, the indicator was expected to rise 100.00 last month.

Market Impact : AS long as 96.72 support holds on a 4-hour closing basis, the USD Index remains in recovery mode , but recovery above 96.72 should be limited by 97.16 where fall resumption is likely ….Above 97.16 will extend recovery towards the 97.70/98.00 levels, a clear break below 96.72 will restore the downside momentum and open the 96.10/95.70 levels.

Consumer Confidence Falls 90_9