US durable goods orders fall 1.4% in February, worse than expected. Core orders all fell, by 0.4%. Also the non defense ex air is down 1.4%. This comes on top of downwards revisions and erases the hope for the end of negative US surprises that plagued the greenback’s trade of late. The US dollar is weaker, with EUR/USD rising above 1.10. The moves are relatively limited though. GBP/USD is around 1.4950, USD/JPY trades at 119.30, USD/CAD remains under 1.25, AUD/USD aims at 0.79 once again and NZD/USD gets closer to 0.77. Headline orders for January were revised down to a rise of only 2%. Other figures suffered negative changes as well. US durable goods orders were expected to rise by 0.3% in February 2015 after a big rise of 2.8% in January. Core orders carried predictions for a rise of 0.3% as well, following a flat read beforehand. The US dollar was on the back foot towards the publication, with EUR/USD flirting with 1.10 once again. Durable goods orders impact GDP calculations. They stood out as one of the negative surprises of late, with month after month misses, together with other numbers. However, yesterday we finally had a streak of positive surprises: core inflation edged up to 1.7% and new home sales leaped to the highest in 7 years. More: Get Ready For More FX Volatility Ahead – SocGen 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 FXCM sells Japanese unit for $62 million – part of Yohay Elam 7 years US durable goods orders fall 1.4% in February, worse than expected. Core orders all fell, by 0.4%. Also the non defense ex air is down 1.4%. This comes on top of downwards revisions and erases the hope for the end of negative US surprises that plagued the greenback's trade of late. The US dollar is weaker, with EUR/USD rising above 1.10. The moves are relatively limited though. GBP/USD is around 1.4950, USD/JPY trades at 119.30, USD/CAD remains under 1.25, AUD/USD aims at 0.79 once again and NZD/USD gets closer to 0.77. Headline orders for January were revised down to 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.
