Global macro overview for 29/12/2015

Global macro analysis for 29/12/2015:

The CB consumer confidence index data were released during the US session today and it has beaten the expectations. The market has expected the level of confidence to increase just slightly to the 93.9 points from 92.6 a month before, but the actual number was at the level of 96.5 points. Please notice, that stronger consumer confidence often translates into increased consumer spending, a key driver of economic growth.

The Gold prices did react negativley after the data release and now the market is trading ahead of the important support at the level of 1066.30. The next resistance is seen at the level of 1081.52.


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