Are you guys concerned by the drop in consumer confidence around the planet and do you account for it when you analyze currency pairs?
I am not big on fundamentals and usually do not pay too much attention when it comes to them. Of course I am aware when reports are released as they do impact currencies short-term and it makes no sense not to capitalize on them. I did notice that there is an overall drop in consumer confidence and while consumer confidence data is not an accurate gauge of potential economic output I think we should at least take not as it happens globally and not just in a few economies.
Anyway, just my thoughts on what I noticed.
I am not big on fundamentals and usually do not pay too much attention when it comes to them. Of course I am aware when reports are released as they do impact currencies short-term and it makes no sense not to capitalize on them. I did notice that there is an overall drop in consumer confidence and while consumer confidence data is not an accurate gauge of potential economic output I think we should at least take not as it happens globally and not just in a few economies.
Anyway, just my thoughts on what I noticed.