Market Focus

On Tuesday, November 28, 2017, it is worth paying attention to the data on the CB consumer confidence index. This indicator is a leading indicator, which makes it possible to measure consumer optimism. The indicator also gives an opportunity to assess the overall economic situation in the country.

According to the forecast, the data for November will come out at 124.0, which is lower than in October at the level of 125.9. If the data is released within the forecast and below, the US dollar will be under slight pressure. If the data are published with a deviation of about 5-10% from the previous value, one should expect the US dollar to fluctuate within 40 points against competitors.

Alexander Sivtsov