American FX Outlook: Consumer confidence and home data headline the US

Mario Blascak, PhD Independent Analyst

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)

Author

Mario Blascak, PhD

Independent Analyst

Dr. Mário Bla&scaron;čák worked in professional finance and banking for 15 years before moving to journalism. While working for Austrian and German banks, he specialized in covering markets and macroeconomics.

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