U.S Dollar Continues Rising On Positive Durable Goods Orders & Jobless Claims!

The U.S Durable Goods Orders rose 3.0%. from -0.8% in the previous month, the indicator was expected to rise 1.5% in the last month.

Core Durable Goods Orders also rose 0.5%, from -0.1% in the previous month, the indicator was expected to rise 03% in the last month.

Weekly jobless claims fell 260K, from 272K in the previous week, the indicator was expected to fall 270K  in the last week.

Market impact: This development supported the U.S dollar. the U.S dollar index jumped to 100.17 levels, in the case of a pullback, support comes at the 99.46 levels…

EURUSD dipped to daily chart support 1.0565 as expected and rebounded, immediate resistance comes around 1.0615/1.0640 levels where rejection is likely….

MARKET DATA

UPCOMING ECONOMIC EVENTS