The USD/CAD pair is currently trying to hold below the support at 1.2550 while the U.S. dollar is losing some strength because of inflation and the retreat of customer sentiment.The U.S Dollar Index is stuck in the range between the support at 95 and the resistance at 95.20. In case …
Read More »Market Drivers – U. S. Session 29-10-2021
Fresh attacks and partisan row are ahead for U. S. economy as Republicans lawmakers and strategists are capitalizing on news that the economy expanded at a weak pace in Q3 to criticize Biden and Democrats, accusing them of unskilled recovery tactics from the pandemic recession. The U. S. Dollar Index …
Read More »Global economy caught by storm
Consumers worldwide are starting to feel the pinch from the surge in costs coursing through the global economy.The rebound as coronavirus restrictions are eased has exposed supply chain shortages, with firms scrambling for workers, ships and even fuel for factories, threatening the crawling economic recovery.Shortages of warehouse workers, truckers and …
Read More »U.S. Consumer Sentiment Drops Sharply – UoM
Consumer sentiment in the United States declined this month, registering its biggest drop since the beginning of the coronavirus pandemic. More people in the U.S. are concerned about the rising inflation and the slow pace of the labor market recovery. The University of Michigan consumer sentiment index dropped to a …
Read More »U.S. Consumer Sentiment Improves in June
U.S. consumer confidence rose in early June, recovering most of its losses in May, data by the University of Michigan showed on Friday. The Index of Consumer Sentiment rose to 86.4 this month, from 82.9 in May, while the current economic conditions index rose to 90.6, compared with 89.4 last …
Read More »U.S. Consumer Sentiment Tumbles on Rising Inflation
Consumer confidence the United States declined in the early days of the month due to the rise in the inflation rate, according to data by the University of Michigan released on Friday. The Consumer Sentiment Index rose decreased by 6.2% to 82.8 from 88.3 in April, but rose by 14.5% …
Read More »U.S. Consumer Sentiment Improves in April
The U.S. Index of Consumer Sentiment rose by 1.9% this month to 86.5 from 84.9 in March, and by 20.5% on an annual basis compared with its level in April 2020, data by the University of Michigan showed on Friday. The Current Economic Conditions Index also increased by 4.5% to …
Read More »U.S. Consumer Sentiment Improves in March
Consumer sentiment in the United States continued to rise in March, reaching its highest level in a year, data by the University of Michigan showed on Friday. The Index of Consumer Sentiment improved by 10.5% to 84.9 in March, from 76.8 in February. However, it declined on an annual basis …
Read More »U.S. Consumer Sentiment Improves in March
Consumer sentiment in the United States reached its best level in about a year in March, according to the preliminary reading of the University of Michigan’s consumer survey. The consumer sentiment index rose to a reading of 83.0 during the first half of March 2021, up from 76.8 in February. …
Read More »U.S. Consumer Sentiment Declines in January
Consumer sentiment in the United States declined in February, with many surveyed consumers still concerned about the pace of economic recovery and growth in the job market. The Consumer Sentiment Index declined to 76.8 in February from 79 in January, according to data by the University of Michigan released on …
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