Forex Dictionary

Prelim Michigan Sentiment

Prelim Michigan Sentiment

Measures Consumer views regarding current and future economic conditions; Usual Effect Actual > Forecast = Good for currency; Frequency Released monthly, around the middle of the current month; FF Notes There are two versions of this report released about 15 days apart – Preliminary and Revised. The Preliminary release is the earliest and thus tends to have the most impact; Also Called University of Michigan Consumer Sentiment, Reuters/Michigan Sentiment; Why Traders Care Released since 1976, it has a track record of predicting consumers' spending habits via their economic attitudes and outlook; Derived Via 500-person telephone survey conducted by the University of Michigan;