Durable Goods Orders are expected to follow retail sales higher. Equities and currencies have priced a strengthening economic recovery as it would be illogical to expect that the durable goods, a component of retail spending, will perform differently, FXStreet’s analyst Joseph Trevisani informs. Key quotes “New orders for durable goods are expected to rise 10.6% in May after collapsing 17.7% in April as most of the country entered mandatory quarantine. Orders outside of the transportation sector are predicted to climb 2.5% following the 7.7% drop in April. Non-defense capital goods ex-aircraft, the proxy for business spending, is forecast to add 1% after the April 6.1% decrease.” “Markets are waiting for proof that the recovery they have priced in is well under way. Consumers have cooperated and there is every reason to expect the large ticket items of durable goods to perform as well as overall retail sales. Equities will applaud and the dollar will have yet more preparation for its eventual rise.” 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 EUR/USD: Gloom, doom, and double top point lower as coronavirus rages in the US Yohay Elam 2 years Durable Goods Orders are expected to follow retail sales higher. Equities and currencies have priced a strengthening economic recovery as it would be illogical to expect that the durable goods, a component of retail spending, will perform differently, FXStreet’s analyst Joseph Trevisani informs. Key quotes “New orders for durable goods are expected to rise 10.6% in May after collapsing 17.7% in April as most of the country entered mandatory quarantine. Orders outside of the transportation sector are predicted to climb 2.5% following the 7.7% drop in April. Non-defense capital goods ex-aircraft, the proxy for business spending, is forecast to add… 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.
