Inside Trade | Consumer Confidence Index

Most traders prefer to have a few fundamentals tossed in whenever they prepare their analysis. Though we can't expect everyone to do the same, it wouldn't hurt to have an additional understanding of the market.

Confidence. I remember my father telling me to stand straight, pull my shoulder blades down, and chin up. Confidence can bring in an impression of success and in time, success itself. Being confident has a lot of benefits and perks. The ability to pursue and move forward with your dream is one. In general, we are most likely to feel the same way, and this confidence is measured up by what we call CCI or better known as Consumer Confidence Index.

Consumer Confidence Index is a report released on the last Tuesday of the month at 10 am EST. It measures how confident consumers are feeling about their economy and their spending power. Normally, the more confident the people are, the more that they will spend because they are assured that their finances will be replenished.

If the more money is circulating, the economy will be stimulated and grow, increasing the value of the currency at the same time.