According to analysts from Wells Fargo, today’s Consumer Confidence reading from the University of Michigan Survey of 100.1 reflects a slight downward revision from the September estimate and is a somewhat less euphoric take than another key measure. Key Quotes: “Today’s read on sentiment from the University of Michigan survey reflects a downward estimate from the initial read and a level that does not surpass highs hit earlier this year or even earlier in the prior expansion.” “Consumer sentiment is still historically quite high and is consistent with steady consumer spending growth.” “A greater share of consumers feel that it is currently a better time to sell a house than it is to buy one. That has been the prevailing sentiment for the past nine months. This happened late in the prior cycle too, about a year and a half before the housing bubble burst and “good time to sell” measure plummeted.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD finds support at 1.3000, remains on track to close week with modest losses FX Street 4 years According to analysts from Wells Fargo, today's Consumer Confidence reading from the University of Michigan Survey of 100.1 reflects a slight downward revision from the September estimate and is a somewhat less euphoric take than another key measure. Key Quotes: "Today's read on sentiment from the University of Michigan survey reflects a downward estimate from the initial read and a level that does not surpass highs hit earlier this year or even earlier in the prior expansion." "Consumer sentiment is still historically quite high and is consistent with steady consumer spending growth." "A greater share of consumers feel that… 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.
