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Durable Goods Orders, which offer insight into the long-term outlook of consumers and businesses, are expected to rise 0.8% in April. According to FXStreet’s Analyst Joseph Trevisani, markets may find some dollar and yield solace in the figures.

Jobs should equal spending

“Durable Goods purchases are expected to climb 0.8% in April after March was revised to 1% from 0.5%. Goods outside of the transport sector are forecast to add 0.7% following March’s adjustment to 2.3% from 1.6%. Nondefense Capital Goods, the business investment proxy, is projected to add 1.5% after March was raised to 1% from 0.9%. Orders ex-Defense increased 1.8% in March, revised from 0.5%.”

“For consumers and businesses the expectations for employment and sales should be very high and that may encourage Durable Goods purchases despite April’s weak Retail Sales.”

“Currency markets have sold the dollar on poor US consumer numbers. Durable Goods could give that narrative pause.”