Under the official name of “Summary of commentary on Current Economic Conditions by the Federal Reserve District”, commonly known as the Beige Book, summarises information by district and sector gathered by a Federal Reserve Bank from banks and branch directors.
The information gathered is based on comments, interviews, and reviews received from business and other contacts outside the Federal Reserve, and relates to general economic activity trends.
Because this report is based on the opinions of entities representing the market itself, it brings fresh points of view on the economic situation of the country. It may be seen as a confidence report, which means the higher the confidence level the higher the investment levels will be. This shifts the interest of foreign investors towards the American markets, and therefore the US Dollar.
Risk Warning
Risk Warning: Investments of any kind bear a substantial degree of risk. The opinions of ProTrade IB should
not be relied upon as any implied or explicit guarantee of return. We are not authorised or regulated by the
Financial Conduct Authority (FCA) to provide any investment advice and our opinions should not be construed
as financial advice. Trading forex and CFDs is highly speculative, carries a high level of risk and may not
be suitable for all investors.
