US durable goods orders dropped by 1%. They were expected to drop 0.7% in January after plunging 4.2% in December. Core orders surprised and rose 1.1%. They were predicted to tick down 0.1% after a drop of 1.3% in January. Jobless claims carried expectations of remaining at similar levels to 336K last week (before revisions), but they disappointed with a rise to 348K. Also other core measures are better than expected. Before the publication of this bulk of data, EUR/USD traded around 1.3560, GBP/USD around 1.6640 and USD/JPY was around 101.85. The dollar is slightly stronger after the publication. A “risk off” atmosphere controlled the markets before the publication, with the yen emerging as the winner. Tension around the Ukraine and the revolt in the Crimea peninsula grabbed headlines. Better than expected US new home sales also supported the dollar, in addition to the safe haven flows. The 9.6% jump was a huge surprise after many weak figures coming from the world’s No. 1 economy. Later on, Fed Chair Janet Yellen will give the second part of her testimony in Washington, and then the shift moves to Europe, with the all important inflation figures. See how to trade the euro-zone CPI 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 Market uneasiness continues as tension builds up in eastern Scott Smith 8 years US durable goods orders dropped by 1%. They were expected to drop 0.7% in January after plunging 4.2% in December. Core orders surprised and rose 1.1%. They were predicted to tick down 0.1% after a drop of 1.3% in January. Jobless claims carried expectations of remaining at similar levels to 336K last week (before revisions), but they disappointed with a rise to 348K. Also other core measures are better than expected. Before the publication of this bulk of data, EUR/USD traded around 1.3560, GBP/USD around 1.6640 and USD/JPY was around 101.85. The dollar is slightly stronger after the publication. A… 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.
