What is it? It checks the level of a composite index based on 5 consumer-based economic indicators.

It’s a combined reading of 5 economic indicators including consumer confidence, consumer spending, tourism, new car sales, and retail activity.

When? December 29th at 2:00am Eastern Time.

 

 

Trading Tip: If the number is higher than the forecast, you can expect the CHF to rise.

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:


1) Futures Firm

US stock futures were pointing to a positive open though a quiet session was expected to close out the shortened trading week.

On Wednesday, the Dow Jones industrial average inched higher to notch its second straight finish above 18,000. The S&P 500 closed relatively flat, and the tech-heavy Nasdaq gained 0.2%.

There are no major earnings due out Friday and no economic updates either.


2) Oil Rebounds

Crude oil ticked up in electronic trading Friday to trade above $56 a barrel. Oil prices have suffered sharp falls this year as a combination of abundant supplies, a strong US dollar and weaker demand from Europe and Asia deterred buyers.


3) Ruble Stabilizes

Russia's battered currency regained some poise Friday following a series of interventions by the government and central bank this week to halt a worsening financial crisis.


4) International Markets Overview

Most markets in Europe and Asia remained closed for holidays. Chinese stocks were the standout in Asia, with the Shangahi Composite rallying 2.8%

 

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European markets finished mixed yesterday. The DAX remained closed for Christmas Eve and the CAC 40 & FTSE traded for half a day.

US markets were mixed. The S&P 500 inched down 0.01% but the Dow Jones reached another record close. Initial Jobless Claims data beat expectations and showed only 280,000 people to sign up for unemployment.  The market will remain closed today for Christmas but will open tomorrow as normal.

Asian markets were mixed. The Hang Seng remained closed. The Nikkei lost 0.25% as the Yen strengthened against the Dollar following comments from Kuroda. Kuroda, the governor of the bank of Japan, stated that lower oil prices should help the economy and showed confidence that the economy is making moderate progress. Hong Kong will remain closed until Sunday.

Oil dropped after data showing higher supplies. The API and EIA both reported that inventories climbed over the past week pushing the price back down to 55.25. The market is now closed and so there is no movement. It will reopen tomorrow.

Gold dropped towards $1,170/ounce as investors sold off their positions and US data came out positive; Jobless Claims beat expectations. The price reached a low of 1,172 but as the commodity market is now closed there is no movement.

 

Talk to us to get get FREE signals and start earning now: 

 

Other top stories:

Countless Already Joined and Made a Profit - What About You?

The Importance of Diversification

How I Made Over $30,000 a Year by Investing in Binary Options

 

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