Growth · USDUsual scheduleLive week from the calendar

UoM consumer sentiment: release time and what it moves

University of Michigan. A Friday around the middle of the month (preliminary) and near the end of the month (final), usually at 10:00 AM New York time. What it is, what traders watch and how the WhitePips rules treat trading around it.

  • Twice a monthhow often
  • 10:00 AMNew York time
  • Amber or Redusual calendar rating

UoM sentiment on this week's calendar

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Times in your own time zone and in New York; releases already out are dimmed. Red is high impact, Amber medium; the ratings are the calendar feed's.

GrowthUSD

What UoM sentiment is

UoM consumer sentiment

The University of Michigan asks US households how they see their finances and the economy, and combines the answers into the consumer sentiment index. Consumer spending is most of the US economy, so how people feel about it is watched closely.

The same survey asks what inflation people expect over the next year and the next five to ten years. The Federal Reserve watches those expectations, so they can move markets as much as the sentiment index itself.

When it comes out

Published by
University of Michigan, Surveys of Consumers
How often
Twice a month: a preliminary reading and a final one
Usual day
A Friday around the middle of the month (preliminary) and near the end of the month (final)
Usual time
10:00 AM New York; 14:00 UTC while the US is on daylight time, 15:00 UTC in winter
On the calendar as
Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Revised UoM Consumer Sentiment
Usual rating
Amber or Red

What traders watch

Sentiment against the forecast

A read on how willing households are to spend.

Inflation expectations

The one-year and long-run figures; rising expectations worry the Fed.

Preliminary against final

The final reading revises the preliminary one; the preliminary moves markets more.

On MetaTrader 5Pip value, lots and commission

Symbols UoM sentiment moves

The WhitePips symbols that usually react most to UoM sentiment. Each page has the pip or point value, a lot-size example and the commission on every plan.

EURUSDEuro / US dollarUSDJPYUS dollar / Japanese yenXAUUSDGoldUS500US 500USDIDXUS dollar index

Futures on Volumetrica: ESE-mini S&P 500GCGold

Trading Rules, section 11In the rules' own words

Trading UoM sentiment at WhitePips

CFD plans Every plan, every stage

News trading is permitted on every CFD plan. You may open, hold and close positions before, during and after economic releases on every CFD plan, in the evaluation and once funded. There is no restricted window around a release on a CFD account, and no profit is removed because a trade was placed around news.

News straddling is not permitted. On every CFD plan, you may not open straddled, offsetting or hedged exposure on the same or correlated instruments within 15 minutes before or after a scheduled Red or Amber (high or medium impact) economic event, a company earnings release, or a major geopolitical announcement, where the purpose is to capture the volatility of the event rather than to take a view on its outcome. Placing a buy and a sell (or a buy stop and a sell stop) on the same instrument, or opposite positions on correlated instruments such as EURUSD and USDCHF, so that whichever way the price jumps one side profits, is straddling. A single position, or positions in one direction, taken on your own view of the release is not.

Trading Rules, sections 11.1 and 11.2. Each straddle is detected and referred to the risk desk, never penalised automatically.

Futures plans One Step funded, Instant

Futures plans. On the futures plans news trading is permitted during the One Step evaluation. On a funded futures account (One Step funded and Instant) no trade may be opened or closed from two minutes before to two minutes after a high-impact release; a position opened before the window may be held through it. Profit from such a trade is removed and the loss stays. The first and second violations are warnings, and the third is referred for compliance review. A news trading violation never ends an account automatically. The releases are those marked as high impact in the economic calendar shown in the dashboard or notified to you.

Trading Rules, section 11.4.

CFD plans: no straddling9:45 AM to 10:15 AM New YorkFunded futures: no trade opened or closed9:58 AM to 10:02 AMUoM sentiment 10:00 AM
−20 min−15−2+2+15+20 min
A single position taken on your own view, before or after the release, is fine on every CFD plan. On a funded futures account a position opened before the two-minute window may be held through it.

Section 11 of the Trading Rules News trading, explained

QuestionsShort answers

UoM sentiment: questions

What time is UoM sentiment released?

Usually at 10:00 AM New York time: 14:00 UTC while the US is on daylight time, 15:00 UTC in winter. A Friday around the middle of the month (preliminary) and near the end of the month (final).

How often is UoM sentiment released?

Twice a month: a preliminary reading and a final one. A Friday around the middle of the month (preliminary) and near the end of the month (final). The exact dates are set by the University of Michigan; the dashboard's economic calendar shows the coming week.

Can I trade UoM sentiment on a WhitePips account?

On every CFD plan, yes: news trading is allowed in the evaluation and once funded. What is not allowed is straddling, opening both directions (or offsetting positions on correlated instruments) within 15 minutes either side of a Red or Amber release to catch the spike; the risk desk reviews it. On a funded futures account, no trade may be opened or closed from two minutes before to two minutes after a high-impact release.

Which markets move most on UoM sentiment?

On the WhitePips platforms: EURUSD, USDJPY, XAUUSD, US500, USDIDX, and on futures ES, GC.

Why does UoM come out twice a month?

A preliminary reading from the first part of the month's interviews comes out mid-month; the final reading, with every interview, comes out near the month's end.

CFDs and futuresNo time limit

Put the numbers to work

Every plan, size and price, with the rules printed before you buy. News trading is allowed on every CFD plan.

See the plansTrading calculator