The University of Michigan’s headline Consumer Sentiment Index slumped to 50.2 in June, its worst level since records began back in the 1970s, according to the preliminary release of the university’s widely followed monthly consumer survey. That was a large miss on the expected slight decline to 58.0 from 58.4 …
Read More »Will FOMC Be Able TO Tame Hot Inflation?
The economic calendar looks loose this week with most of the interesting data coming from the housing sector, although mortgage rates are over 5%, markets still have some generalization effort to do in order to get events to make sense.Because of the long holiday, which seems to be getting stronger …
Read More »US: UoM Consumer Sentiment Index Falls In February
According to the University of Michigan’s preliminary February Consumer survey, the Consumer Sentiment Index fell to 61.7 in February, well below expectations for a slight rise to 67.5 from 67.2 in January. That marked the lowest such reading since October 2011. The Current Conditions Index fell to 68.5 from 72.0 …
Read More »UoM Consumer Sentiment Index Falls Below Expectations In December
The University of Michigan Consumer Sentiment fell to 67.2 from the flash estimate of 68.7, its lowest reading since 2011. The University of Michigan’s (UoM) final estimate of the Consumer Sentiment Index came in at 67.2 in December, below the flash estimate of 68.7 released earlier in the month, and …
Read More »US Consumer Sentiment Drops in January 2022
Consumer Sentiment has recorded the second-lowest reading in a decade. The University of Michigan Consumer Sentiment Index has recorded a dip of 2.5% in early January 2022 from its level in December 2021, according to preliminary results released Friday.The MCSI now stands at its second-lowest level in a decade, the …
Read More »US December Consumer Sentiment Beat Flash Estimates
The University of Michigan’s consumer sentiment for the US rose to 70.6 in December of 2021, from 67.4 last month and above preliminary estimates of 70.4 points. The gauge for expectations was revised higher to 68.3 from 67.8 and the current conditions subindex was revised lower to 74.2 from 74.6. …
Read More »UoM’s Consumer Confidence Index Surges in December
Consumer confidence in the US has strengthened modestly in December according to the University of Michigan’s preliminary estimate of the Consumer Sentiment Index. The reading of the index surged to 70.4, up compared to only 67.4 in November. This data comes above market expectations at 67.1. In the meantime, the …
Read More »EUR/USD bounces off yearly lows
EUR/USD hardly declines during Friday’s session, consolidating around 1.1446, down by 0.01%. The Euro has failed to gain traction against the American currency, which has maintained same demand level during the Asian and the European session, with limited gain as the New York session begins.The Euro’s downfall has extended for …
Read More »Treasury Yields Turn Lower Over Disappointing Data
Most Treasury yields turned lower Friday morning, after the front-page readings from the University of Michigan’s consumer-sentiment report in at the lowest in a decade, had been released.According to the data released Friday, the University of Michigan’s Index fell to 66.8 in November from 71.7 in previous month, creating a …
Read More »EUR/USD slides to fresh monthly lows, Investors awaiting FOMC meeting
EUR/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.After a stellar U. S. Retail Sales report on Thursday, the EUR/USD pair is trading at three-week lows, driven by USD’s strength as (DXY) Index is at three-week highsThe market mood is …
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