Read more
2:05 PM · 13 August 2021

BREAKING: Michigan Consumer Sentiment below forecasts, USD moves lower

EUR/USD
Forex
-
-

University of Michigan has just released its flash data for August. The headline Michigan Consumer Sentiment came in at 70.2 against expected 81.2 (previously 81.2) - a huge miss as the index plunged to lowest levels since 2011. 

Other subindices disappointed as well:

  • Michigan Current Conditions: 77.9 (previously: 84.5)

  • Michigan Consumer Expectations: 65.2 (previously: 79.0)

UoM’s inflation expectations were in the spotlight as well. Here the data turned out to be rather mixed. 

  • 1-Year Inflation Outlook: 4.6% (previously: 4.7%)

  • 5-Year Inflation Outlook: 3.0% (previously: 2.8%) 

The US dollar ticks slightly lower, gold prices jumped towards $1,770 an ounce. Major US indices retreated from record highs, but the scale of the move is rather limited. 

EURUSD, H4 interval. Source: xStation5

14 November 2025, 6:50 PM

Daily summary: Wall Street tries to stop the sell-off 📌Gold down 1.8%, Bitcoin loses 4.5%

14 November 2025, 1:31 PM

BREAKING: Canadian Wholesale & Manufacturing Sales higher than expected 📊USDCAD reacts

14 November 2025, 11:14 AM

BREAKING: EU GDP data slightly above expectations! 📈💶

14 November 2025, 10:28 AM

DE40: European markets extend decline

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits