US UoM Consumer Confidence Index declines to 68.9 in October vs. 70.8 expected
Source Fxstreet
- Consumer confidence in the US declined slightly in early October.
- UoM survey showed one-year inflation expectation edged higher to 2.9%.
Consumer confidence in the US weakened slightly in early October, with the preliminary University of Michigan's Consumer Sentiment Index edging lower to 68.9 from 70.1 in September. This reading came in below the market expectation of 70.8.
The Current Conditions Index declined to 62.7 from 63.3 and the Consumer Expectations Index fell to 72.9 from 74.4.
The details of the survey showed that the one-year inflation expectation edged higher to 2.9% from 2.7%, while the five-year inflation outlook decreased to 3% from 3.1%.
Market reaction
These data failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was virtually unchanged on the day at 102.85.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Ethereum Price Eyes an Upside Break — But $3,350 Has Other IdeasEthereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
Ethereum is consolidating above $3,200 and its 100-hour SMA after defending $3,150, with a bullish trend line support at $3,180 and an upside breakout hinging on a clean move through $3,320–$3,350, while a drop below $3,150 would reopen $3,040–$3,000 support.
Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
Bitcoin Price Forecast: BTC slips below $64,000 as hawkish Fed stance weighs on risk appetiteBitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.
Bitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.
Gold (XAU/USD) attracts buyers for the second consecutive day and surges past the $4,100 mark to hit a nearly two-week high during the Asian session on Wednesday.
Bitcoin Price Forecast: Persistent ETF inflows, easing Middle East tensions lift risk appetiteBitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
Bitcoin (BTC) extends its gains, trading above $64,800 at the time of writing on Thursday, breaking above the key resistance zone. Institutional demand supports BTC price action with spot Exchange Traded Funds (ETFs) recording a third consecutive day of inflows so far this week.
