OctaFX | OctaFX Forex Broker
Open trading account
Back

US: Durable Goods Orders in January declined 0.2% vs. -1.5% expected

Durable Goods Orders in January declined 0.2%, or $0.4 billion, in January to $246.2 billion, the US Census Bureau's advance report showed on Thursday. This reading came in better than the market expectation for a decrease of 1.5%.

"Excluding transportation, new orders increased 0.9%. Excluding defense, new orders increased 3.6%," the publication read. "Transportation equipment, down four of the last five months, drove the decrease, $1.8 billion or 2.2% to $82.0 billion."

USD reaction

The greenback failed to make a meaningful recovery after this data. As of writing, the US Dollar Index was down 0.6% on the day at 98.56.

EUR/USD New York Price Forecast: Euro v-shaped recovery intact post-US GDP, trades near 1.0970 level

The euro is trading in a bear trend below the main daily simple moving averages (SMAs) as the spot is reversing up from 34-month lows. The spot broke above the
Read more Previous

USD/JPY keeps the red near 2-week lows, below 110.00 mark post-US macro data

The USD/JPY pair maintained its heavily offered tone near weekly lows, below the key 110.00 psychological mark and failed to gain any respite from the
Read more Next
Start livechat