AUDUSD Technical Analysis 21.07 - 28.07 : Choppy bearish - page 2
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newdigital, 2013.07.26 16:45
2013-07-25 13:55 GMT (or 15:55 MQ MT5 time) | [USD - Reuters/Michigan Consumer Sentiment Index (Jul)]
If actual > forecast = good for currency (for USD in our case)
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U.S. Consumer Sentiment Improves To Six-Year High In July :
Consumer sentiment in the U.S. improved to its best level in six years in the month of July, according to a report released by Thomson Reuters and the University of Michigan on Friday.
The report showed that the consumer sentiment index for July was upwardly revised to 85.1 from the preliminary reading of 83.9. Economists had expected the index to be upwardly revised to 84.0.
With the upward revision, the index is above the final June reading of 84.1 and at its highest level since July of 2007.
The monthly increase by the headline index reflected an improvement in the assessment of current economic conditions, which jumped to 98.6 in July from 93.8 in June.
On the other hand, the report showed that the gauge of consumer expectations dipped to 76.5 in July from 77.8 in June.
"This high level of confidence points toward a continued expansion of consumer spending in the year ahead," survey director Richard Curtin said, according to Reuters.
With regard to inflation, one-year inflation expectations rose to 3.1 percent in July from 3 percent in June, while the five-to-ten-year inflation outlook fell to 2.8 percent from 2.9 percent.
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