After back-to-back monthly declines in March and April, consumer confidence edged slightly higher in May and while consumers’ take on the present situation worsened, expectations for the future are brightening slightly, explained analysts at Wells Fargo. Key Quotes: “The level of consumer confidence is down roughly a third from readings of 120 or better that prevailed for much of the past couple of years, but for now at least, it appears to have stopped falling.” “The forward-looking expectations component rose for a second straight month to 96.9, which is higher than it was in October. “While consumers have not lost faith in the future, the impact of layoffs and the challenges of the pandemic that remain are clearly weighing on consumers’ assessment of the present situation, which fell to 71.1, its lowest level in seven years.” 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 Brexit: June is set to be a critical time for UK-EU negotiations – Standard Chartered FX Street 3 years After back-to-back monthly declines in March and April, consumer confidence edged slightly higher in May and while consumers’ take on the present situation worsened, expectations for the future are brightening slightly, explained analysts at Wells Fargo. Key Quotes: “The level of consumer confidence is down roughly a third from readings of 120 or better that prevailed for much of the past couple of years, but for now at least, it appears to have stopped falling.” “The forward-looking expectations component rose for a second straight month to 96.9, which is higher than it was in October. “While consumers have not lost… 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.
