Drop in Consumer Confidence

[Rambo35]

Are you guys concerned by the drop in consumer confidence around the planet and do you account for it when you analyze currency pairs?

I am not big on fundamentals and usually do not pay too much attention when it comes to them. Of course I am aware when reports are released as they do impact currencies short-term and it makes no sense not to capitalize on them. I did notice that there is an overall drop in consumer confidence and while consumer confidence data is not an accurate gauge of potential economic output I think we should at least take not as it happens globally and not just in a few economies.

Anyway, just my thoughts on what I noticed.

 

[bablogfx]

It is difficult to clear up the infuelnce of the level of customer confidence on forex as it has indirect connection. It will take up some time to suss out what is the correlation between them but it is definitely conducive to sharpen your TS.