The European Single Currency appreciated against the US Dollar, following the US CB Consumer Confidence data release on Tuesday at 14:00 GMT. The EUR/USD exchange currency rate gained 5 pips or 0.04% during a minute, right after the release. In the next minutes the rate was trading at the 1.1788 area.
The Conference Board Inc. released the US CB Consumer Confidence data that came out better-than-expected of 138.4, compare to forecasted 132.2. The Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall US economic activity.
The Conference Board reported: "The Conference Board Consumer Confidence Index® increased in September, following a large improvement in August. The Index now stands at 138.4 (1985=100), up from 134.7 in August,"
| Historical Data Table: CB Consumer Confidence | Economic Calendar for 26.09.2018 | ||||||||
| Date | 27.03.2018 | 24.04.2018 | 29.05.2018 | 26.06.2018 | 25.09.2018 | 14:30 PM | US Crude Oil Inventories | ||
| Actual | 127.7 | 128.7 | 128 | 126.4 | 138.4 | 18:00 PM | US Federal Funds Rate | ||
| Forecast | 131.2 | 126 | 128.2 | 127.6 | 132.2 | 18:30 PM | US FOMC Press Conference | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.72555 | 0.72561 | 0.01% | AUD/USD | 74.51% | 25.49% | |||
| EUR/USD | 1.1784 | 1.17864 | 0.02% | EUR/USD | 52.15% | 47.85% | |||
| USD/JPY | 112.834 | 112.848 | 0.01% | USD/JPY | 39.51% | 60.49% | |||
| NZD/USD | 0.66545 | 0.66546 | 0.00% | NZD/USD | 66.34% | 33.66% | |||