- Consumer Confidence in the US improved slightly in July.
- US Dollar Index stays in positive territory above 104.50.
Consumer sentiment in the US improved slightly in July, with the Conference Board's Consumer Confidence Index rising to 100.3 from 97.8 (revised from 100.4) in June. The Present Situation Index declined to 133.6 from 135.5, while the Expectations Index rose to 78.2 from 72.8.
Commenting on the survey's findings, "confidence increased in July, but not enough to break free of the narrow range that has prevailed over the past two years,” said Dana M. Peterson, Chief Economist at The Conference Board. “Even though consumers remain relatively positive about the labor market, they still appear to be concerned about elevated prices and interest rates, and uncertainty about the future; things that may not improve until next year.”
Market reaction
The US Dollar (USD) stays resilient against its rivals in the American session on Tuesday. At the time of press, the USD Index was up 0.15% on the day at 104.73.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD tests 1.0800 after upbeat US data
EUR/USD stays under modest bearish pressure and tests 1.0800 in the American session on Tuesday. The US Dollar preserves its strength following the upbeat Job Openings and Consumer Confidence data, causing the pair to stretch lower.
GBP/USD retreats below 1.2850 on renewed USD strength
After moving sideways in the first half of the day, GBP/USD feels bearish pressure and trades below 1.2850. The cautious market stance and upbeat US data releases help the US Dollar (USD) hold its ground and doesn't allow the pair to gather recovery momentum.
Gold consolidates just below the $2,400 mark
Gold fluctuates in a narrow channel below $2,400 after closing the first trading day of the week little changed. The 10-year US Treasury bond yield holds steady slightly below 4.2% after US data, making it difficult for XAU/USD to gain traction.
Bitcoin price declines as US Government transfers funds worth $2 billion
Bitcoin (BTC) stabilizes around the $68,000 level on Tuesday after failing to close above $70,000 the day before. The US government moved $2 billion worth of Bitcoin from Silk Road's confiscated funds on Monday.
Bank of Japan preview: Exaggerated expectations, and potential impact on Yen, equities and Bonds
Japan's inflation and wage growth have recently come in above expectations, bolstering the speculation about a possible rate hike and reduced bond buying from the Bank of Japan.