US Durable Goods Orders (MoM) stands at -1.3% , the USD is down !

Forrex 6598989 5

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%

Expectations :0.5%

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 ……….





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