4:09 PM · 28 January 2022

BREAKING: Michigan Consumer Sentiment below expectations

The University of Michigan's consumer sentiment for the US was revised lower to 67.2 in January from a preliminary of 68.8 and below December 70.6, final estimates showed. Analysts' expected reading of 68.7.

Further details:

Expectations 64.1 vs 65.9 prelim
Current conditions 72.0 vs 73.5 prelim
1-year inflation 4.9% vs 4.9% prelim
5-10-year inflation 3.1% vs 3.1% prelim

EURUSD bounced off 1.1170 resistance and continued to move lower after release of today’s data. Next support is located at 1.1120 level. Source:xStation5

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