US consumer sentiment index surges to highest level in 15 years | Forex Factory

  • US consumer sentiment index surges to highest level in 15 years

    From cnbc.com

    Consumer sentiment rocketed to its highest level in 15 years in May as Americans grew more upbeat on the health of the economy and its path in 2019, according to data released Friday. The University of Michigan’s preliminary print on its consumer sentiment index rose to 102.4 in May, up from 97.2 in April and well ahead of economist expectations that it would rise to 97.5. However, the optimistic consumer outlook was mostly recorded before U.S.-China trade deliberations soured earlier this month. “Consumers viewed prospects for the overall economy much more favorably, with the economic outlook for the near and ... (full story)

Comment Options
jegas
May 17, 2019 9:20am — Edited
Permalink
Pure fundamental drive the US $ in full throttle speed,more data's favoured fuel for this ,even trade war also boost up the full speed, but anytime it may blast like a Air bubble.........
Reply
Ghass1234
May 17, 2019 9:10am
Permalink
so now we buy more usd $$ until indefinite , all economies sucks except USA , WTF. The issue is we cannnot just buy to indefinite . no retraced market , no bounces , no support lines , nothing anymore
Reply
Mr.Kebab
May 17, 2019 10:01am
Permalink
Big push before crash
Reply
Trader#5956
May 17, 2019 10:56am
Permalink
Quoting Ghass1234
so now we buy more usd $$ until indefinite , all economies sucks except USA , WTF. The issue is we cannnot just buy to indefinite . no retraced market , no bounces , no support lines , nothing anymore
look at monthly chart..still so much room to push usd higher, eg eu can easily go down to 1.04.
Reply
Trader#9628
May 17, 2019 9:52am
Permalink
Bull trap. Usd overvalued.
Reply
Trader#5863
May 17, 2019 12:10pm
Permalink
Remember this is a prelim report and the majority of data was collected before the DT tweeter. Sell the dollar - full spectrum - period!
Reply
  • Story Stats