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2014/05/26
FORECAST - Tuesday, May 27
FORECAST - Tuesday, May 27
USA will catch up on Tuesday and release series of important news, including Core Durable Goods Orders and a Consumer Confidence Index.
The latter is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity.
Higher readings point to higher consumer optimism and should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Current forecast expects growth of the index from 82.3 to 83.0.
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