Yesterday’s trade saw EUR/USD within the range of 1.1098-1.1297. The
daily low has also been the lowest level since September 9th 2003, when a
low of 1.1055 was recorded. The pair closed at 1.1239, gaining 0.87% on
a daily basis.
At 7:52 GMT today EUR/USD was up 0.10% for the day to trade at 1.1248. The pair touched a daily high at 1.1259 at 1:45 GMT.
Shipments of manufactured durable goods in November, down three of the last four months, decreased 0.4% to USD 245.3 billion, which followed a 0.1% dip in October. Inventories of manufactured durable goods in November, up nineteen of the last twenty months, rose 0.4% to USD 408.2 billion, which has been the highest level since the series was first published on a NAICS basis and followed another 0.4% increase in October. Non-defense new orders for capital goods rose 0.5% to reach USD 82.8 billion in November, according to data by the US Census Bureau.
Durable goods orders, as an indicator, gauge the strength of US manufacturing sector and represent a major portion of the nation’s factory orders. This is a closely watched report on manufacturing activity, because durable goods are the first type of goods to be affected by an economic downturn or upturn.
Read more Click here / www.trade4x.net
At 7:52 GMT today EUR/USD was up 0.10% for the day to trade at 1.1248. The pair touched a daily high at 1.1259 at 1:45 GMT.
Fundamentals
United States
Orders for durable goods
Durable goods orders in the United States probably increased 0.5% in December compared to a month ago, according to the median forecast by experts. In November new orders for manufactured durable goods dropped at a revised down pace of 0.9% (0.7% drop previously), which marked a third monthly decline in the last four months, driven by a 1.0% decrease in transportation equipment.Shipments of manufactured durable goods in November, down three of the last four months, decreased 0.4% to USD 245.3 billion, which followed a 0.1% dip in October. Inventories of manufactured durable goods in November, up nineteen of the last twenty months, rose 0.4% to USD 408.2 billion, which has been the highest level since the series was first published on a NAICS basis and followed another 0.4% increase in October. Non-defense new orders for capital goods rose 0.5% to reach USD 82.8 billion in November, according to data by the US Census Bureau.
Durable goods orders, as an indicator, gauge the strength of US manufacturing sector and represent a major portion of the nation’s factory orders. This is a closely watched report on manufacturing activity, because durable goods are the first type of goods to be affected by an economic downturn or upturn.
Read more Click here / www.trade4x.net
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