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US CB Consumer Confidence

In the US, the US Consumer Cofidence Index (CCI) is an indicator designed to measure consumer confidence, which is defined as the degree of optimism on the state of the U.S. economy that consumers are expressing through their activities of savings and spending. 

In the United States, the Conference Board (CB) an independent economic research organization, issues monthly measures of consumer confidence, based on 5,000 households. Such measurement is indicative of the consumption component level of the gross domestic product. The index is calculated each month on the basis of a household survey of consumers’ opinions on current conditions and future expectations of the economy. Opinions on current conditions make up 40% of the index, with expectations of future conditions comprising the remaining 60%. In the glossary on its website, The Conference Board defines the Consumer Confidence Survey as “a monthly report detailing consumer attitudes and buying intentions, with data available by age, income and region”.

Basically, Conference Board (CB) Consumer Confidence measures the confidence level of consumer in economic activity. It can predict the consumer spending behaviour, reflecting the economic condition. Therefore, it can be used as a indicator for the buying ability of the consumers and demands in the market.


In simple words,
Higher than expected — bullish for US Dollars
Lower than expected — bearish for US Dollars

It can be tracked on Investing.com (US CB Consumer Confidence).

One more thing to take note is never ever ever depends merely on any indicators as there are so many factors that can impact US Dollars and oil price. The only thing that we can do is do more reading and research.

Sources:

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