On Tuesday 08-25-09, at 10:00AM ET the USD Consumer Confidence for August will be released along with 3 other US economic news releases – the USD Richmond Fed Manufacturing Index for August, USD House Price Index MoM for July, and the USD House Price Purchase Index QoQ (2Q)
Usually the USD Consumer Confidence and the USD Richmond Fed Manufacturing are released by themselves, today is an exception with the House Price Index’s being released at the same time.
The Consumer Confidence appears to have the greatest impact on the economy.
The House Price Index’s may have some minor impact on the market – might be worth keeping an eye on.
I have written two previous “results” posts, the first one was on 07-05-09, click here for a review.
The second “results” was posted on 07-29-09, click here for a review.
The Consumer Confidence is released by The Conference Board, Inc.
And the Richmond Fed Manufacturing Index is released by the Federal Reserve Bank of Richmond.
The House Price Index’s are released by the Federal Housing Financing Agency.
Lets take a look at what is going on with this news release:
USD Consumer Confidence Stats:
Previous = 46.6
Forecast = 48.1
The “forecast” implies that the public may be feeling better about the future economy of the USA.
Check out the last two reports for an idea how the market reacts to the “actual” outcome of the report.
I will be setting up to trade the currency pair USD/JPY, if the “actual” comes out 3.0 to 5.0 more than the “forecast”, after my broker spread and slippage gets close to normal, I will enter a “buy” trade, the reverse applies if the “actual” is negative.
Past performances are not an indication of future results
I will write a “follow up” post soon after this release. So—Stay tuned!
