Will USD Consumer Confidence be a Market Mover?

British Home Purchases posted a rise to 38,181 easily beating the forecasted 37,800.

Germany releases showed that Domestic Demand fell sharply to 1.3%, 2Q Private Consumption rose to 0.7% and 2Q GDP meeting expections at 0.3%

Initially, the GBP and EUR reacted little to their associated releases although both have recorded small rallies against USD in the last hour.

Both the USD and YEN are lacking any firm trading direction presently before the release of the US Consumer confidence figures later today.

British Home Purchases posted a rise to 38,181 easily beating the forecasted 37,800.

Germany releases showed that Domestic Demand fell sharply to 1.3%, 2Q Private Consumption rose to 0.7% and 2Q GDP meeting expections at 0.3%

Initially, the GBP and EUR reacted little to their associated releases although both have recorded small rallies against USD in the last hour.

Both the USD and YEN are lacking any firm trading direction presently before the release of the US Consumer confidence figures later today.

AT 9.00am EST, the USD S&P/Case-Shiller US Home Price Index (YoY) (2Q) will be released forecasted at -19.8%.

Without doubt, today's major fundamental event is the release of the USD Consumer Confidence scheduled at 10.00am EST and forecasted at 47.9.

This figure is an assessment of consumer sentiment and is based on a representative sample of thousands of mail-in surveys reseaching into business conditions, personal income and employment.

This figure can be a serious market mover especially if the released figure differs significantly from the predicted one.