{"id":9401,"date":"2010-05-13T15:30:25","date_gmt":"2010-05-13T19:30:25","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9401"},"modified":"2010-05-13T15:30:25","modified_gmt":"2010-05-13T19:30:25","slug":"be-prepared-preliminary-uom-consumer-sentiment","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/13\/be-prepared-preliminary-uom-consumer-sentiment\/","title":{"rendered":"Be Prepared! Preliminary UoM Consumer Sentiment"},"content":{"rendered":"<p><strong>By Peter Robinson <\/strong>&#8211; The U.S. Preliminary University of Michigan (UoM) Consumer Sentiment  report is due tomorrow at 13:55 GMT. The previous reading came at 72.2,  after it was revised upward from 69.5, highlighting a general growth in  consumer confidence. Expectations for this month stand on 73.5,  indicating a slight improvement in consumer sentiment.<\/p>\n<p>There is a good reason to believe that  consumer sentiment tomorrow would at least turn out to be near  expectations, if not higher. This expectation is premised on the array  of positive U.S. macro-data in recent months as a result of the U.S.  efforts to ease the strain on the economy. The most recent was the  Non-Farm Employment Change figure which came higher than expectations.  Indeed, Obama\u2019s government increased liquidity and kept low interest  rates. The improved U.S. employment conditions would continue to support  consumer sentiment as long as fiscal conditions remain.<\/p>\n<p>Consumer Sentiment is an important indicator about the U.S. signaling  an expanding or slowing economy. Better-than-expected Consumer  Confidence usually supports the local currency but in the case of the  U.S., a good outcome may improve confidence all around the world. In  fact, if the U.S. economy would signal growth, it would support other  countries who export to the U.S. and among these countries are troubled  European countries.<\/p>\n<p>The consumer sentiment report is published after another important  report due on Friday: Retails Sales. If both indicators are positive it  might improve investors\u2019 confidence and put aside recent worries about  the European economy. This week so far has been volatile although it was  low in macro news. Both these figures could set a new direction to  currencies and commodities going into next week.<\/p>\n<p><strong><em>Forex Market    Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                     Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                     may not be suitable for all   investors.       There    is  a              possibility      that       you   could       sustain a  loss   of  all   of    your           investment and            therefore  you        should   not    invest     money  that   you            cannot afford to         lose. You      should    be      aware of     all       the    risks      associated   with     Foreign       Exchange        trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Peter Robinson &#8211; The U.S. Preliminary University of Michigan (UoM) Consumer Sentiment report is due tomorrow at 13:55 GMT. The previous reading came at 72.2, after it was revised upward from 69.5, highlighting a general growth in consumer confidence. Expectations for this month stand on 73.5, indicating a slight improvement in consumer sentiment. There &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/13\/be-prepared-preliminary-uom-consumer-sentiment\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Be Prepared! Preliminary UoM Consumer Sentiment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9401","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9401"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9401\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}