Data released on Monday showed Durable Goods Orders rose 7.3% in June. According to analysts at Wells Fargo, explained the data shows activity recovered further last month and added the improvement in core orders was more modest, however, and suggests capital spending is likely to remain weak. Key Quotes: “Durable goods orders clawed back further ground in June, increasing 7.3%. Orders at motor vehicle manufacturers led the gain (+86%). Autos sales over May and June regained about half the drop-off since the outbreak, although order figures may have been boosted by the industry temporarily making medical equipment.” “Shipments of nondefense capital goods rose 4.4% in June, but were down at a 37% annualized pace for the quarter and point to a dismal reading for equipment spending in Thursday’s GDP report.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Likely gold will test $2,000 in near-term – ABN AMRO FX Street 3 years Data released on Monday showed Durable Goods Orders rose 7.3% in June. According to analysts at Wells Fargo, explained the data shows activity recovered further last month and added the improvement in core orders was more modest, however, and suggests capital spending is likely to remain weak. Key Quotes: “Durable goods orders clawed back further ground in June, increasing 7.3%. Orders at motor vehicle manufacturers led the gain (+86%). Autos sales over May and June regained about half the drop-off since the outbreak, although order figures may have been boosted by the industry temporarily making medical equipment.” “Shipments of nondefense capital… 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.
