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EUR/USD: Trading the US CB Consumer Confidence
US CB Consumer Confidence is based on a monthly survey of about 5,000 U.S. households regarding their opinion of the economy. Traders should pay close attention to its release, which always 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 EUR/USD. Published on Tuesday at 15:00 GMT. Indicator Background CB Consumer Confidence is an important gauge of consumer confidence. Increased consumer confidence usually translates into an increase in consumer spending, a key engine of economic growth. The indicator ... (full story)