US Core Durable Goods Orders (MoM) (Feb) declines to – 0.4% , USD continues weakness !!

USA352 tjkucw
USA352 tjkucw

The US  Core Durable Goods Orders (MoM) (Feb) has declined  to – 0.4% , below expectations 0.3% . This development is likely to extend weakness for US dollar for the rest of the day !!!

Market Impact :

EURUSD : Further upside is likely towards the 1.1036/1.1108 , support comes at the 1.0889

GBPUSD : Sees more upside gains but gains are likely to be limited by 1.5000 levels.

USDJPY : More weakness in sight towards 118.90 levels , resistance remains at the 120.16 levels .

AUDUSD : Further gains are likely towards the 0.7900/0.8000 levels , support comes at the 0.7762 levels.

USD-INDEX : Eyes on 96.60/95.39 levels before the next possible rise …

 

MARKET DATA

UPCOMING ECONOMIC EVENTS