News | Forex Optimum

News

News

U.S. consumer confidence unexpectedly improves in July

The Conference Board announced on Tuesday its U.S. consumer confidence edged up 0.2 points to 129.1 in July from 128.9 in June. This was the highest reading since February 2020.

Economists had expected consumer confidence to ease to 123.9.

June’s consumer confidence reading was revised up from the originally estimated 127.3.

The survey showed that the present situation index rose from 159.6 in June to 160.3 this month. Meanwhile, the expectations index edged down from 108.5 last month to 108.4 in July.

“Consumer confidence was flat in July but remains at its highest level since February 2020,” noted Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “Consumers’ appraisal of present-day conditions held steady, suggesting economic growth in Q3 is off to a strong start. Consumers’ optimism about the short-term outlook didn’t waver, and they continued to expect that business conditions, jobs, and personal financial prospects will improve. Short-term inflation expectations eased slightly but remained elevated. Spending intentions picked up in July, with a larger percentage of consumers saying they planned to purchase homes, automobiles, and major appliances in the coming months. Thus, consumer spending should continue to support robust economic growth in the second half of 2021.”

You may also be interested:

14:38 22.09.2021
Gold needs to close above $1834 to extend its recovery - Commerzbank
FXStreet reports that Gold (XAU/USD) has recovered from support at $1750/43 and Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, suggests the yellow metal looks set to range further.“Gold has sold off to $1750, the 29th June low, it traded below there but most importantly did not close below here and the market is attempting to recover.”“We have extensive resistance from $1795 to $1834 (55, 200-day moving averages and highs since July) and we look for rallies to struggle
14:16 22.09.2021
U.S. weekly mortgage applications jump 4.9 percent
The Mortgage Bankers Association (MBA) reported on Wednesday the mortgage application volume in the U.S. surged 4.9 percent in the week ended September 17, following a 0.3 percent gain in the previous week.According to the report, applications to purchase a home rose 2.2 percent, while refinance applications climbed 6.5 percent. Meanwhile, the average fixed 30-year mortgage rate remained unchanged at 3.03. “There was a resurgence in mortgage applications the week after
13:56 22.09.2021
GBP/USD faces solid support at 1.3600 - UOB
FXStreet reports that FX Strategists at UOB Group suggest that Cable risks a deeper pullback to the 1.3600-region in the next weeks.24-hour view: “GBP traded in a relatively quiet manner within a 1.3641/1.3692 range yesterday before closing largely unchanged at 1.3661 (+0.03%). Despite the quiet price actions, the underlying tone appears to have weakened and break of the 1.3640 support appears likely. Barring a surge in downward momentum, the August’s low near 1.3600 is unlikely to come into the
Deposit
options
Trading
platform
download
Bonuses VIP