U.S. Consumer Confidence Data

• CB Consumer Confidence Index (Aug), fact 135.1, forecast 129.5.

Consumer confidence in the United States remained high in August, confirming the preservation of positive dynamics and pointing to positive inflation data in the United States.

Fig. 1. US Consumer Confidence Index Chart

Consumer confidence in the United States has provided a restrained support for the US dollar, strengthening the correction of the American dollar after the decline at the start of the day. The US dollar index is limited by general market restraint and uncertainty about trading risks. Significant resistance for the American dollar continues to be levels 98.00 and 98.20, support: 97.80 and 97.70.

Fig. 2. The US dollar index chart. Current price – 98.00 (on 10-year US government bonds yield – blue line)

Read also: “OPEC + Market expects
continuation of agreement to limit production”

Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. ECB is preparing a stimulus package
2. The national currency exchange rate as an advantage in trade talks
3.  A new front opens in the trade war

Current Investment ideas:

1. Selling Alcoa shares makes a profit! Three reasons to connect now!
2. The trade war for Boeing: good or bad and how can we make money from it!