The typical/expected impact on USD pairs is medium.
The consensus forecast for Michigan Consumer Expectations Index is 49. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
The most recent announced value for Michigan Consumer Expectations Index was 49.
Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next Michigan Consumer Expectations Index result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Factory Orders (MoM) | Bullish change | -1.3% | 1.4% | ||
| Initial Jobless Claims | Bearish change | 219K | 232K | ||
| ADP Employment Change 4-week average | Bullish change | -11.25K | -2.5K | ||
| Construction Spending (MoM) | (no change) | 0.2% | 0.2% | ||
| NY Empire State Manufacturing Index | Bullish change | 10.7 | 18.7 | ||
| ADP Employment Change 4-week average | Bearish change | 14.25K | -11.25K | ||
| Michigan Consumer Sentiment Index | Bearish change | 53.6 | 50.3 | ||
| UoM 1-year Consumer Inflation Expectations | Bullish change | 4.6% | 4.7% | ||
| UoM 5-year Consumer Inflation Expectation | Bearish change | 3.9% | 3.6% | ||
| Challenger Job Cuts | Bullish change | 54.064K | 153.074K | ||
| ISM Services Employment Index | Bullish change | 47.2 | 48.2 | ||
| ISM Services New Orders Index | Bullish change | 50.4 | 56.2 | ||
| ISM Services PMI | Bullish change | 50 | 52.4 | ||
| ISM Services Prices Paid | Bullish change | 69.4 | 70 | ||
| ADP Employment Change | Bullish change | -29K | 42K |
| Country: | United States |
|---|---|
| Currency: | USD |
| Source: | University of Michigan |
| Category: | Consumption |
| Frequency: | Monthly |