Breaking: UoM Consumer Sentiment RELEASE AT 07:00 PM DATED 18.09.2020
The UoM Consumer Sentiment Index rates the relative level of current and future economic situation. There are two edition of this data released two weeks apart. Preliminary and change. The preliminary data tends to have a greater impact. The reading is compiled from a survey of around 500 consumers.
A higher than expected reading should be taken as positive/bullish for the USD. While a lower than expected reading should be taken as negative/bearish for the USD.
Forex Trading effect from this Forex news all the forex analysis are based on this news. Even analysis is on Forex fundamental analysis or technical analysis.
Why Traders Care
Financial confidence is a leading indicator of consumer spending. Which accounts for a majority of overall economic activity.
Breaking: UoM Consumer Sentiment Index recovers to 73.7 AROUND
RESULT :- NEGATIVE