Thread: U.S Consumer Sentiment on Tap.

Silver:Silver prices are testing new lows on a daily basis now as a breach through $12.5 was made yesterday. The daily chart shows that the price has lowered beneath the Bollinger Bands, indicating that the downtrend has more room to go. This could give forex traders a great opportunity to enter a very promising trend.




More on http://www.forexyard.com/

Consumer confidence index drops sharply
Wednesday, July 01, 2009
By Kaitlynn Riely, Pittsburgh Post-Gazette
Consumer confidence figures released yesterday show consumer sentiment, though higher than at the beginning of the year, dropped sharply in June following three months of gains.

The Conference Board Consumer Confidence Index came in at 49.3 for the month of June, down from 54.8 in May. The monthly survey is based on a representative sample of 5,000 U.S. households.

"The general apprehension that we've been seeing for quite some time is still being expressed by consumers," said Lynn Franco, director of the New York-based Conference Board Consumer Research Center.