US durable goods orders beat expectations with a rise of 2.2%. They were expected to rise by 1.1% in February after dropping 1.3% in January (revised down from 1%). Core orders advanced by 0.2% within expectations for a tick higher by 0.3% after a rise of 1.1%. Most of the change is in transportation. Shipments are +0.9%. Before the publication, EUR/USD traded around 1.38, USD/JPY at 102.35 and GBP/USD at 1.6540. Commodity currencies were moving higher. The US dollar is ignoring the headline number and sliding on the weak core figure. The data has an impact on Q1 2014 GDP and the headline could raise expectations. However, the US economy is not speeding up just yet. Yesterday’s economic releases were somewhat mixed, with new home sales coming out below expectations while consumer confidence came out at the highest since 2008. The Markit flash service PMI number will be released later on and is expected to show an acceleration in growth. All in all, the Fed’s taper train seems to be on track. More: Â 5 Most Predictable Currency Pairs – Q2 2014. 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 Stocks rebound following new economic data Guest 8 years US durable goods orders beat expectations with a rise of 2.2%. They were expected to rise by 1.1% in February after dropping 1.3% in January (revised down from 1%). Core orders advanced by 0.2% within expectations for a tick higher by 0.3% after a rise of 1.1%. Most of the change is in transportation. Shipments are +0.9%. Before the publication, EUR/USD traded around 1.38, USD/JPY at 102.35 and GBP/USD at 1.6540. Commodity currencies were moving higher. The US dollar is ignoring the headline number and sliding on the weak core figure. The data has an impact on Q1 2014 GDP… 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.
