CB Consumer Confidence Index to be Revealed Today

CB Consumer Confidence Index to be Revealed Today

The market participants and analysts will be closely watching the announcement of the CB Consumer Confidence Index, which will be due for release on Tuesday at 14:00 GMT. The indicator that displays the level of consumer confidence in the stability of the economy of the country will be published by the Conference Board. Top economists are forecasting the reading of the indicator to be 139.0, which was previously 151.0. If there is a drop in the values of the indicator, it is assumed that there is a decline in consumer spending.

Therefore, the market participants who are trading in the US dollar quotes and those associated with the consumer sector of the market are suggested to be vigilant during the release of the indicator and make a note of the changes in the readings of the indicator.

GDP from the Eurozone will be Disclosed Today

Eurostat will be making the GDP release on Tuesday at 09:00 GMT and the market participants who are trading in euro quotes are recommended to stay vigilant during the announcement. It is advised so as the change in the readings of the indicator will make an impact on the market. Financial experts are expecting them to have an increase of 0.1% and if there is this increase in the values of the GDP, it will have a positive effect on euro quotes.

When the Eurozone GDP was disclosed on 8th March 2024 at 10:00, it stood at 0.0%, which was the same as the expected figure.