Consumption is a huge part of the US economy, and if consumers are not confident, who will be? The CB consumer confidence measure drops to 95.2 from a revised 1014 points. This is way lower than the forecasts. The US dollar retreats a bit further. Among the components, jobs hard to get rose from 25.5 to 26.4 points, expectations dropped from 96 to 87.6 and inflation from 5.2% to 4.8%. EUR/USD is up to 1.0970, ignoring worries about Greece. GBP/USD is already at 1.5320 despite weak GDP with political implications. USD/JPY is down to 118.80. USD/CAD is down to 120.40. AUD/USD is up to 0.7985, and is clearly one of the big winners. Can it break 0.80? NZD/USD is at 0.7720. The Conference Board’s consumer confidence measure for April was expected to rise to 102.6 from 101.3 points in March (before revisions). The US dollar was falling throughout the day, losing to seemingly weaker currencies as well as stronger ones. The Richmond Manufacturing Index was released at the same time and was predicted to rise from -8 to -2 for April. The actual number is -3 points. Consumer confidence measures have a significant impact despite the lack of consistent correlation between them and actual spending as seen in the retail sales figures Earlier, the Case Shiller HPI came out above expectations with price rises of 5% y/y, more than 4.7%. expected. Tomorrow we have more important events: the release of US GDP and the Fed decision: EUR/USD: Trading the US Advance GDP FOMC Preview – 5 keys to look out for In our latest podcast we take a deep dive into the various euro-zone issues, a look at China and a new trading education initiative Subscribe to Market Movers on iTunes Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next AUD/USD knocking on 0.80 – levels to watch Yohay Elam 7 years Consumption is a huge part of the US economy, and if consumers are not confident, who will be? The CB consumer confidence measure drops to 95.2 from a revised 1014 points. This is way lower than the forecasts. The US dollar retreats a bit further. Among the components, jobs hard to get rose from 25.5 to 26.4 points, expectations dropped from 96 to 87.6 and inflation from 5.2% to 4.8%. EUR/USD is up to 1.0970, ignoring worries about Greece. GBP/USD is already at 1.5320 despite weak GDP with political implications. USD/JPY is down to 118.80. USD/CAD is down to 120.40.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.