US Durable goods orders rose during January. According to analysts at Wells Fargo, even with the modest rebound suggested by the underlying details, equipment spending growth still looks poised to slow in the first quarter. They see that today’s hard data provide some comfort after the recent volatile readings of the new orders component of the ISM manufacturing index. Key Quotes: “Durable goods orders rose 0.4% in January. But, looking through the often volatile gain from transportation, orders were down 0.1%.” “After slipping for four out of five months, core capital goods orders””a gauge of future business spending””rose 0.8%. The 3-month annualized rate of this measure, however, remains weak, suggesting a more modest contribution to spending in Q1.” “Core capital goods shipments, which feed into GDP, were also up 0.8%. This gain suggests that while we expect a slower pace of spending in the first quarter, growth should remain stable.” 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 NZD/USD trades below mid-0.678s, looks to snap 4-day winning streak FX Street 4 years US Durable goods orders rose during January. According to analysts at Wells Fargo, even with the modest rebound suggested by the underlying details, equipment spending growth still looks poised to slow in the first quarter. They see that today's hard data provide some comfort after the recent volatile readings of the new orders component of the ISM manufacturing index. Key Quotes: "Durable goods orders rose 0.4% in January. But, looking through the often volatile gain from transportation, orders were down 0.1%." "After slipping for four out of five months, core capital goods orders"”a gauge of future business spending"”rose 0.8%.… 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.
