Forex Flash: US Consumer confidence to stay at 62.0 in July - RBS

By
A A A
Share |

FXstreet.com (San Francisco) - The United Stated will publish the confidence of its consumers tomorrow Tuesday July 31 at 14 GMT and market is expecting a little slide to 61.8 in July from 62.0 figure in June. But RBS bank doesn't believe the same, RBS expects "the consumer confidence index to have held steady at its June level of 62.0," according to recent research published by its analyst team.

If RBS is right, it would be the first no-decline month since the February's figure of 71.6. "since the Conference board survey tends to focus on developments in the labor market, the relatively steady pace of job gains in recent months suggests that the index to have remained unchanged in July," says the RBS report.

"In July, we expect the consumer confidence index to have held steady at its June level of 62.0," concluded the bank.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

Referenced Stocks:

FXstreet.com

FXstreet.com

More from FXstreet.com:

Related Videos

Stocks

Referenced

Most Active by Volume

89,970,926
  • $16.15 ▲ 0.12%
77,131,582
  • $58.94 ▼ 1.31%
67,336,935
  • $26.56 ▲ 1.68%
48,814,124
  • $86.20 ▲ 0.02%
47,526,126
  • $23.21 ▲ 0.78%
44,660,424
  • $23.91 ▲ 6.36%
38,799,699
  • $4.289 ▲ 4.36%
36,199,890
  • $40.01 ▼ 0.97%
As of 4/17/2014, 04:07 PM