Tag Archives: durable goods orders

As expected, Durable Goods Orders data in the US retreated in November. The US Dollar Index is within its daily range below 104.50 after the data.Durable Goods Orders in the US declined by 2.1%, or $5.8 billion, in November to $270.6 billion, the US Census Bureau announced on Friday. This …

The US PCE inflation eased for November as expected. In the United States also, the Durable Goods Orders was disappointing. Meanwhile, the GBP/USD pair struggles to retain the 1.2038 mark as US dollar demand increase ahead of the long weekend.Following a short-lived slide to 1.2022, which is a fresh daily …

The GBP/USD pair dropped from around 1.1600 after hitting six-week highs at 1.1645 due to overall US Dollar strength on the back of the positive Thursday’s US data showing the economy’s resilience, despite the ongoing monetary policy tightening. US Jobless Claims added to the already positive mood, though Goods Orders …

The US dollar has further benefited from the recession-linked woes. Early Tuesday, the dollar received a further push from better-than-expected US data, on the contrary, Wall Street exhibited poor performance amid sour market sentiment.US bond yields started the day retreating from multi-year highs, picking up after the US session’s opening …

The EUR/USD is pressured and teasing two-decade low marked earlier in the week. Russia’s Nord Stream gas pipeline leaks, in the Baltic Sea, renewed fears about Europe’s energy crisis, and at the same time raised recession-linked fears. The EUR/USD pair holds lower grounds around the yearly bottom marked on Monday, …

Durable Goods Orders in the US declined by 0.2%, or by $0.6 billion, monthly in August to $272.7 billion, the monthly data published by the US Census Bureau revealed on Tuesday. This reading came in better than the market expectation for a decrease of 0.4%. The US Dollar Index showed …

EUR/USD has hovered around 0.9610 as the market players’ focus shifts to US Durable Goods Orders data. Costly durable goods and accelerating interest rates have trimmed expectations for US economic data.ECB Lagarde’s speech provide clues for likely monetary policy action ahead. The EUR/USD pair is displaying back-and-forth moves in a …

Investors have an eye on digesting the latest US economic data and another eye on the signals that could be contained in Fed Chair Jerome Powell’s speech before Jackson Hole Symposium on Friday. Fed’s annual event will host global economists and policymakers to discuss a variety of topics. Market players …

US dollar loses some momentum on risk appetite as attention shifts to Jackson Hole. The EUR/USD pair looks unable to recover 1.0000, and instead, holds near 20-year lows.The EUR/USD rose from the daily low at 0.9907 to 0.9998 in a few minutes around the London fix, on the back of …

New orders for manufactured durable goods orders in the US stayed virtually unchanged at $273.5 billion in July, the US Census Bureau reported on Wednesday. This reading followed June’s 2.2% expansion and came in worse than the market expectation for an increase of 0.6%. The publication further read. “Excluding defence, …