Durable goods orders dropped by a huge 5.7%, almost double the expectations for a drop of 2.9%.. Also the core figure fell below expectations: a drop of 1.4%, worse than a rise of 0.5% that was expected. In addition, the figure for the previous month was revised to the downside: a drop of 0.7% instead of 0.5% originally reported. These figures make the task for USD/JPY to conquer 100 much harder. While the numbers tend to be volatile, a worse than expected figure and downwards revisions can only be interpreted as bad news. The figure joins weaker than expected jobs, retail sales and PMIs. USD/JPY is retreating after another move closer to the magical 100 line that is so hard to encounter. [do action=”tradingviews” pair=”USDJPY” interval=”60″/]The US is not alone with reporting weak numbers. Also Germany had its share, with a worse than expected IFO figure joining weak PMIs. EUR/USD continues struggling with the 1.30 line. [do action=”tradingviews” pair=”USDJPY” interval=”60″/] Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD Trading in Downtrend Channel – Rises Could be Yohay Elam 9 years Durable goods orders dropped by a huge 5.7%, almost double the expectations for a drop of 2.9%.. Also the core figure fell below expectations: a drop of 1.4%, worse than a rise of 0.5% that was expected. In addition, the figure for the previous month was revised to the downside: a drop of 0.7% instead of 0.5% originally reported. These figures make the task for USD/JPY to conquer 100 much harder. While the numbers tend to be volatile, a worse than expected figure and downwards revisions can only be interpreted as bad news. The figure joins weaker than expected jobs,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
