US CB Consumer Confidence (Dec) declines to 92.6 , buy USD on dips !

USA654 rodghg
USA654 rodghg

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.

Usual Effect: A high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.

Frequency: Released monthly, on the last Tuesday of the current month.

Last Read :91.0

Expectations : 93.2

Actual : 92.6

Volatility : high…

Market Impact : The US dollar is expected to make a small decline before the next rise ..

Recommendations : buy USD on dips …