US durable goods orders rose by 1.1%. A rise of 0.5% was estimated. Core orders rose by 0.4%. They were expected to rise by 0.9%. The good news is that orders are rising, and that the headline number was an upside surprise after 4 consecutive disappointments. The bad news is that core orders disappointed and that the overall picture of the US economy is still mediocre. USD/JPY was struggling to recapture the 79.70 line before the release. EUR/USD was sliding in the 1.2440 – 1.2520 range before the release. USD/JPY is stable after the release and EUR/USD is correcting its small falls. Amid all the disappointing US figures of late, durable goods orders has been one of the worst: 4 consecutive misses of expectations have been recorded in the headline number and 2 in the core orders figure. Orders remained unchanged in April, and core orders fell by 0.9%. Some initial reads were eventually revised to the upside, but they still were below the early predictions. The current bright side in the US economy is the housing sector: new home sales, building permits and even house prices are up – exceeding expectations and showing clear signs of bottoming out. Pending home sales are next – will be released at 14:00 GMT. 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 Forex Daily Outlook June 28 2012 Anat Dror 11 years US durable goods orders rose by 1.1%. A rise of 0.5% was estimated. Core orders rose by 0.4%. They were expected to rise by 0.9%. The good news is that orders are rising, and that the headline number was an upside surprise after 4 consecutive disappointments. The bad news is that core orders disappointed and that the overall picture of the US economy is still mediocre. USD/JPY was struggling to recapture the 79.70 line before the release. EUR/USD was sliding in the 1.2440 - 1.2520 range before the release. USD/JPY is stable after the release and EUR/USD is correcting its… 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.