The University of Michigan will release their monthly Consumer Sentiment figures on Thursday. Scheduled to be released at 9:55am EST (New York Time), they follow the already positive United States News.
Thursday morning the U.S. PPI was released at 0.4% higher than forecast and the Core PPI figure was as expected.
Last month the UoM (University of Michigan) Consumer Sentiment was at it’s highest since November 2012.
The data from the UoM Consumer Sentiment report comes 500 surveyed consumers who are asked to rate the relative level of the current and future state of the U.S. economy.
So far today, the USD is strong against the EUR and Weak against the GBP and AUD. Not too much volatility is expected today.
G8 Meetings will be held Monday in Northern Ireland where they may discuss the role of central banks. Next Wednesday will bring us the latest FOMC statement and press conference, possibly shining some light on the future of the QE3 U.S. quantitative easing efforts.
For news updates and more fundamental analysis, follow the Winner’s Edge account. Follow Casey’s twitter account, Nathan’s twitter account, and Tim’s twitter account too for Forex analysis, and trade ideas!
For Nathan’s most recent Technical Analysis click here!
Winner’s Edge Trading, as seen on: