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4:07 PM · 22 December 2021

BREAKING: USD weakens after Consumer Confidence data

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US Conference Board Consumer Confidence index increased to 115.8 in December, from the previous month 109.5 and compared to market expectations of 110.5.

Further details of the publication:

  • Consumer confidence 115.8 is the best level since July
  • Present situation 144.1 down from 144.4
  • Expectations 96.9 versus 90.2

EURUSD broke above upper limit of the wedge formation and is current sentiment prevails then resistance level at 1.1355 may be at risk. Source:xStation5  

 

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