Michigan Consumer Sentiment

hi guys,
what about today consumer sentiment, someone trade this?
it could be pretty good move, coz retail sales got high

January Mich Sentiment

Updated 16-Jan-07 08:23 ET
About this release


http://www.briefing.com/Common/Image...cData/uofm.gif

http://www.briefing.com/Common/Image...cData/conf.gif

Highlights

 

1. Briefing.com Forecast: 93.0
2. Market Consensus: 92.5

Key Factors

 

1. The bouncy indicator is expected to show a rise after the late 2006 declines.
2. The volatile index showed only
3. Index only showed 4 gains in 2006 but ended the year just 0.2 of a point above year ago level.
4. The slowing economy adds to the modest lift in gasoline prices and the strong labor market.
5. Both components expected to show modest gains.
6. 1-year inflation expectations may rise from Dec's 2.9%.

Big Picture

 

1. A strong lift from lower energy prices is past as the broader forces of a slowing economy get back behind the steering wheel. The index is up 0.2% from a year ago but -12% from the January 2004 high. The University of Michigan survey is significantly smaller (500 phone calls) than the Conference Board's, includes a longer outlook (for expectations) as questions are focused on the household compared to the business heavy CB survey. The index far better tracks the consumers' mood than spending habits better indicated through interest rates and income growth.

CategoryJanDecNovOctSepSentiment93.0 E91.792.193.685.4 Outlook81.283.284.878.2 Present conditions108.1106.0107.396.6
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Release Details

University of Michigan Consumer Sentiment Index

 

1. Importance (A-F): This release merits a B-.
2. Source: The University of Michigan.
3. Release Time: Preliminary: 10:00 ET on the second Friday of the month (data for current month); Final: 10:00 ET on the fourth Friday of the month (data for current month).

The Michigan index is almost identical to the Conference Board Consumer Confidence index, though there are two monthly releases, a preliminary and final reading. Like the Conference Board index, it has two subindexes - expectations and current conditions. The expectations index is a component of the Conference Board's Leading Indicators index.

i think DEV 0.3 Can move 30pips

i hope there will be some movement, this is my first time trying to trade this kind of fundament, there are better expectations than forecast is.

its looking like a sell here

yep, i think the same...but how many pips

35-50 pips

moe, do u have any experience trading this fundament?

i trade them all according to my system so i can't realy tell you how its going to move as far as pips but i have gotten 35-50 pips from this movement but you know how things change from month to month in this business nothing stays the same every time.

i know i know... traders has hard life, uff

there is a rumor flying around that this report is coming out better than expected...

lately good numbers for USD still resulted in $ depreciation , could it happen today too?

Moe thankx for Stats !
Thankx for advice
Banda

anything possible

there was definetely a leak on this. the rumor was that the number would be in the 98 range, which is exactly what we got.

short 9728

It's strange. Dollar is not responding to positive surprises.

if this thing don't start acting right ima call it a day im up nicely with a good profit for the week.

Last two weeks it feels like every dollar positive news acts dollar negative. It dips on release for a second, then retraces. From what I've been watching...did I miss something?

what a dud.

I'm speechless . Need a new strategy ASAP