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USD/JPY: Trading the US CB Consumer Confidence Index

From forexcrunch.com

US CB Consumer Confidence Index is based on a monthly survey of about 5,000 households regarding their opinion of the economy. Its release often has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar. Here are all the details, and 5 possible outcomes for USD/JPY. Published on Tuesday at 14:00 GMT. Indicator Background The CB Consumer Confidence Index provides a snapshot of the level of confidence among US consumers. Analysts carefully follow the indicator, as consumer confidence often translates into consumer spending, a key component of economic growth. The ... (full story)

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