On Friday 11-13-09 at 9:55 AM ET the University of Michigan was releasing two monthly reports, Consumer Sentiment and Inflation Expectations.
These are “preliminary” reports.
I did a “preview” of these reports on Thursday, 11-12-09, click here for a review.
Lets see how the stats turned out for this report:
USD U. of Michigan Confidence Stats:
Previous = 70.6
Forecast = 71.1
Actual = 66.0
Bad – lower then “forecast” by 5.1 and lower then and the “previous” by 4.6.
USD U. of Michigan Inflation Expectations Stats:
Previous = 2.9%
Forecast =
Actual = 2.8%
Bad – lower then “previous” by 0.1%.
Keep in mind, some of the traders get the U of M reports at 9:55 AM ET and others do not get them until 10:00 AM ET.
This from the FOREX Factory Calendar:
“Actual > Forecast = Good for currency (Note: While this is the ‘usual’ effect, under current market conditions the reverse tends to be true against some currencies, as bad data has been triggering the purchase of US bonds);”
There was not really enough “actual” difference report to cause what might be a strong movement in the charts.
I will not be able to show the charts this time – I recorded the wrong charts for this news release – my apology.
This report is next scheduled for release on Friday 12-11-09 at 11:55 AM ET.
I will probably be posting a “preview” of next months reports a day or two before.
Stay tuned!
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