Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, including transportation items.
Usual Effect: A high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.
Frequency: Released monthly, about 26 days after the month ends.
Last Read :-18.3%
Actual : -1.3%
Volatility : high
Market Impact : a reading between -0.6% and 0.5% is likely to bring light bearish move for the USD , 1 or 2 support level(s) could be tested (broken).
Recommendations : Short the USD for limited target..
Technical summary for USD-INDEX : The USDINDEX is under strong pressure , stability below 85.73/85.45 will open 84.78/84.50 next..
Stay tuned for US CB Consumer Confidence (Oct) today at 14:00 GMT ……….