Durable goods orders remained flat in August: 0%, better than a drop expected. On the other hand, the figure for July was revised down from 4.4% to 3.6%. Core orders came out at -0.4% as predicted but once again, with a downwards revision from 1.3% to 1.1%. Excluding defense and air, we have a rise of 0.6%, which is good news, but it comes on top of a downwards revision from 1.5% to 0.8%. All in all, August is better than expected on top of a worse July. The US dollar remains mixed as is the data but after the initial reaction, the greenback slides just a bit. The US was expected a drop of 1.4% in durable goods orders in August, sliding after a big rise of 4.4% back in July. Core orders carried expectations for a drop of 0.4% after +1.3% last time. Core orders are eyed as they reflect investment. US economic data has been a mixed bag of late. The US dollar was mixed into the event. Fed Chair Janet Yellen testifies at 14:00 GMT and also ECB President is facing a grilling in Berlin, in front of the German parliament. Tomorrow we will get the final GDP report for Q2. See how to trade the GDP with EUR/USD. 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 Draghi and Yellen leave EUR/USD in range Yohay Elam 7 years Durable goods orders remained flat in August: 0%, better than a drop expected. On the other hand, the figure for July was revised down from 4.4% to 3.6%. Core orders came out at -0.4% as predicted but once again, with a downwards revision from 1.3% to 1.1%. Excluding defense and air, we have a rise of 0.6%, which is good news, but it comes on top of a downwards revision from 1.5% to 0.8%. All in all, August is better than expected on top of a worse July. The US dollar remains mixed as is the data but after the… 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.
