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US Apr Consumer Confidence improves to 39.2 vs 26.9 in Mar
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Germany May Gfk Consumer Confidence Survey stays at 2.5
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Fed's Duke Sees More Weakness in Consumer Borrowing
Consumer credit has been trending down and shows signs it will slow further in the near term, Federal Reserve Governor Elizabeth Duke said on Monday.Looking back over the past 50 years, non-mortgage consumer credit typically weakens throughout a recession as labor markets deteriorate and often turns down even after the recession ends, she said in a speech delivered at the University of North Carolina, in Charlotte. Thus, history suggests that consumer credit growth will likely slow further
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Yen Lower As Us Consumer Confidence Boosts Investor Interest In Riskier Assets
Yen lower as US consumer confidence boosts investor interest in riskier assetsWhat’s new?Germany: GDP shrinks in 1st quarter.United States: Consumer confidence rose to 54.9.United States: GM bankruptcy nears as bondholders reject a debt for equity swap.Today:08h00 Euro zone: German Provisional CPI M/M May, exp 0.10%, previous 0.00%08h45 Euro zone:
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U.s Consumer Spending Declines.
In the news:At the end of today’s U.S. session stocks ended the day lower, as consumer spending showed a decline to -1.0% from a -0.8% the previous month. Another big factor in today’s sell off was the announcement from Macy’s that it will cut another 7,000 jobs. Oil prices continued sliding today about 4% on more concerns about a slowing economy.
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Germany Gfk Consumer Confidence Survey stable at 2.5 in Jun
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Huge improvement of US May Consumer Confidence to 54.9
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U.S. Consumer Confidence soars in June; Euro and Pound rise
FXstreet.com (Barcelona) - Conference Board's Consumer Confidence Index has boosted to a level of 54.9 in May from 40.8 in April, well above the market consensus of a slight increase to 42.0. Euro and Pound have appreciated after consumer data was released.EUR/USD recovery from 1.3855 intra-day low has extended after Consumer confidence data was released, to levels above 1.3945, previous intra-day low.GBP/USD recovery from 1.5775 intra-day low has extended to levels above 1.5900 after U.S. Consumer confidence was released,
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Forex: EUR/USD: Euro reaches 1.3985 after consumer confidence figures
FXstreet.com (Barcelona) - EUR/USD recovery from 1.3855 intra-day low has extended strongly on better than expected Consumer confidence data, and the Euro has appreciated above previous intra-day low at 1.3885,reaching 1.3880 so frt, with 1.4000 on sight.Next resistance level lies at 1.4000 psychological level, and above there, 1.4020/25 and 1.4050/55 (May 22/25 high). On the downside, support levels lie at 1.3945 and below there, 1.3900 and 1.3855.According to Valeria Bednarik, the Euro is about to turn down, possibly back around
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