US consumer confidence rose to 128.0 (Nomura: 130, Consensus: 128), 2.4pp above April’s downwardly revised 125.6 and the solid reading for May is consistent with the University of Michigan’s consumer survey that showed resilient optimism from consumers, explains the research team at Nomura. Key Quotes “The labor differential, the gap between those reporting jobs “plentiful” versus “hard to get,” increased 3.9pp to 26.6, the highest reading since March 2001, a good sign for Friday’s jobs data. However, buying plans moderated somewhat as the percent of respondents planning to buy a home within six months fell 1.4pp to 5.5%, the lowest reading since October 2016.” “Other buying plans for major appliances and autos moderated. Inflation expectations (next 12 months) rose 0.3pp to 5.0%, the first 5% or higher reading since September 2016 and likely gas-price related. Taken altogether, yesterday’s data are consistent with our optimistic consumer outlook, particularly with respect to the labor market. However, buying plans over the next few months should be worth monitoring.” 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 Gold struggles to scale $1,300 mark despite risk aversion FX Street 5 years US consumer confidence rose to 128.0 (Nomura: 130, Consensus: 128), 2.4pp above April's downwardly revised 125.6 and the solid reading for May is consistent with the University of Michigan's consumer survey that showed resilient optimism from consumers, explains the research team at Nomura. Key Quotes "The labor differential, the gap between those reporting jobs "plentiful" versus "hard to get," increased 3.9pp to 26.6, the highest reading since March 2001, a good sign for Friday's jobs data. However, buying plans moderated somewhat as the percent of respondents planning to buy a home within six months fell 1.4pp to 5.5%, the lowest… 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.
