According to the Conference Board, consumer confidence is moving up. The headline number jumped from an upwards revised 101.8 in August to 104.8 now in September. The figure was predicted to drop to 98.1 points. This is the highest level since 2007. Does this imply a bounce in consumer spending in September? Or even a move higher in the economy throughout the second half of the year? The Fed was disappointed by growth in the first half and is less hopeful for the second half, albeit a bounce is still on the cards. This figure raises the chances for a rate hike in December. The Current Conditions component is up from 125.3 to 128.5, Expectations is up from 86.1 to 87.4 and “jobs hard to get” is down from 22.8 to 21.6 points. The US dollar remains mixed after the publication. Clinton’s victory in the presidential debate and the ongoing headline regarding a potential oil deal in Algiers are keeping markets on their feets. 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 USD Vulnerable To The Downside Vs JPY In The Run Yohay Elam 7 years According to the Conference Board, consumer confidence is moving up. The headline number jumped from an upwards revised 101.8 in August to 104.8 now in September. The figure was predicted to drop to 98.1 points. This is the highest level since 2007. Does this imply a bounce in consumer spending in September? Or even a move higher in the economy throughout the second half of the year? The Fed was disappointed by growth in the first half and is less hopeful for the second half, albeit a bounce is still on the cards. This figure raises the chances for a… 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.
