Alright, in general this is more of economic indicator for equity traders but I have started to apply it to some of my forex set-ups. Usually consumer confidence data is more of a contrarian indicator as when consumers say they feel good they actually spend less and the other way around.
I am not trying to convince anyone to change their approach, and I only use it to butter up my entries into a trade. Those who are interested, on Friday the University of Michigan will release their consumer confidence for January. See if it will help you squeeze a few extra pips out of your trade.