Core Durable Goods Orders Rises 1.8%, Initial Jobless Claims Up 272K, Mixed Market!

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The U.S Durable Goods Orders rose 4.9%, from -4.6% in the previous month, analysts had expected it to rise 2.5% in the last month…

Core Durable Goods Orders also rose 1.8%, from -0.7% in the previous month, passing forecast of 0.2% in the last month….

Market Impact:  Durable Goods Orders data should support the USD….

Initial Jobless Claims rose 272K, from 262K in the previous week, analysts had expected to rise 270K in the last week…

Market Impact:  Jobless Claims data should decline the USD….

Conclusion: USD data comes out mixed today, so the impact on the market varies from one pair to another…

EURUSD: US data could be an opportunity to buy the EURUSD on dips above 1.0980 levels with tight stop…..

GBPUSD: the pair remains under heavy pressure, any rebound will be limited by the nearest resistance level…

USDJPY: the pair remains sideways -bearish, so it might see limited gains before the next fall…

MARKET DATA

UPCOMING ECONOMIC EVENTS