Lots of numbers: jobless claims disappointed with a rise to 313K, worse than expected. CPI fell 0.7% m/m, more than expected, but due to oil. Core CPI actually rose +0.2%, better than expected. Y/y -0.1% in the headline number and 1.6% in core CPI. Durable goods orders rose 2.8%. However, durable goods orders rose by only 0.3%. The numbers can cause a lot of confusion. However, in the bigger scheme of things, jobless claims still show a growth in jobs and core inflation is A-OK. The dollar is stronger. All the data: Durable goods orders rose 2.8%, but suffered a downwards revision for the previous month from -3.3% to -3.7%. Excluding defense and air, they rose +0.6%. Excluding transpiration they rose 0.3%. CPI dropped -0.7% m/m and -0.1% y/y. Previously it was +0.8%. Core CPI rose +0.2% +1.6% y/y – the y/y rise is exactly like the previous month. This clearly shows that lower oil prices do not weigh on other prices. Jobless claims jumped 31K to 313K. Continuing claims stand at 2.401. Currency reaction Special focus: EUR/USD finally falls out of range – more to come? EUR/USD is reacting with a fall below the 1.13 level and is still above support at 1.1270. Update: the pair dips to a new low below support at 1.1240. Opinion: The Case For Cutting Our EUR/USD Forecasts – Goldman Sachs GBP/USD extends the falls to 1.5470. USD/JPY makes the climb above 119 after the move. USD/CAD has a strange reaction due to Canadian inflation figures. Canada reported a monthly drop of 0.2% and rose 1% y/y. Core CPI is up 0.2% m/m and 2.2% y/y. These are strong number tghat eventually keep USD/CAD balanced around 1.2460. AUD/USD extends its falls to 0.7860. NZD/USD is at 0.7560. Background A big bulk of US figures was released all at once: jobless claims were expected to stand at 288K after 283K last week. Headline inflation carried expectations for a fall of 0.6% in January after -0.4% in December m/m. Core inflation was expected to rise 0.1% after a flat number beforehand. Durable goods orders were expected to rebound 1.7% after a fall of 3.3% and core orders +0.6% after -0.8% last month. The dollar was stronger after Bullard’s bullish comments. US data has been mixed of late, especially retail sales. more coming 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 EUR/USD finally falls out of range – more to come? Yohay Elam 8 years Lots of numbers: jobless claims disappointed with a rise to 313K, worse than expected. CPI fell 0.7% m/m, more than expected, but due to oil. Core CPI actually rose +0.2%, better than expected. Y/y -0.1% in the headline number and 1.6% in core CPI. Durable goods orders rose 2.8%. However, durable goods orders rose by only 0.3%. The numbers can cause a lot of confusion. However, in the bigger scheme of things, jobless claims still show a growth in jobs and core inflation is A-OK. The dollar is stronger. All the data: Durable goods orders rose 2.8%, but suffered 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.
