American FX Outlook: Consumer confidence and home data headline the US
|What you need to know before markets open:
- Stocks in Europe struggle to find direction while trading session in Asia was mixed in a Christmas vacations shortened week.
- The Conference Board consumer confidence and pending home sales headline the US session.
Wednesday’s market moving events
- The Conference Board consumer confidence is expected to fall to 128.2 from 129.5 in December.
- The US pending home sales are expected to fall 1.5% m/m in November.
Major market movers
- While Bitcoin stabilized around $15.7K, consolidating previous gains of up to 19K.
- The US Dollar index is down 0.2% on Wednesday with the US Dollar falling short against the EUR and GBP primarily, while little changed against JPY.
Earlier in Asia/Europe
- The UBS consumption indicator ticked down to 1.67 in November.
- Spanish retail sales grew by 2.0% y/y in November after growing by a revised 0.3%in October, the National Statistics Institute (INE)
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