Source GfK (latest release)
Measures Level of a composite index based on surveyed consumers;
Usual Effect Actual > Forecast = Good for currency;
Frequency Released monthly, around the end of the current month;
Next Release Jan 24, 2017
Why Traders
Care Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived Via Survey of about 2,000 consumers which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, climate for major purchases, and overall economic situation;