THE EURO AWAITS INDICATOR OF CONSUMER CONFIDENCE

The consumer confidence indicator in the Euro Area fell by two points from a month earlier to -6.8 in November 2021, the lowest level since April and below market expectations of -5.5, a preliminary estimate showed. Morale among households deteriorated sharply amid concerns over rising COVID-19 cases and the prospect of new pandemic-induced restrictions across the region. In the European Union as a whole, consumer sentiment dropped by 2.1 points to -8.2.

But What will happen after it waits？

The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2. It is based on a survey of 2000 individuals. The components of the indicator are calculated as the difference between positive and negative answers to the questions asked.

The important of the Consumer Confidence is to allows individuals to see current economic conditions and give a preview into the economic activity of the Eurozone. If the level of indicator is strong, it indicates better economic conditions. As a result, the euro rises.

Also you can trade on the GfK Consumer Confidence By Following the economic calendar and comparing the actual figures with the consensus given.

• If the sales are higher than the forecasts, the EUR will rise;

• If the situation is different, the EUR will fall