USD and Consumer Confidence (May)




  • Previous 68.1 – Expected 71.0

  • Above Expected: USD Bullish

  • Below Expected: USD Bearish

  • Key pairs to watch: AUD/USD, USD/JPY, EUR/USD


US consumer confidence is expected to rebound above 70.0 which would be the highest level for the year, leading to increasing speculation of a sooner end of QE as it will suggest a healthier economy. But majors’ movements could be mixed across the board in regards of stocks reactions to the news, except for the USD/JPY: when it comes to the yen, the pair will likely regain the upside with a stronger than expected reading, while accelerate the downside on a disappointing one. 



AUD/USD maintains a strong bearish trend, and its reaction to the news, as long as the number presents a deviation with the expected reading, will depend purely on stocks, with the pair either falling or rising along with indexes. For the EUR/USD, picture is a bit more complicated, with USD unlikely to advance on a positive number.