BREAKING NEWS This evening at 6:00 PM IST, the U.S. Core Durable Goods Orders MoM data will be released.
The U.S. Core Durable Goods Orders measures the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. Because aircraft orders are very volatile, the core number gives a better gauge of ordering trends. A higher reading indicates increased manufacturing activity.
Analysts predict a lower reading for the U.S. Core Durable Goods Orders MoM of -0.2% as compared to -0.1% last month
Remember!
A higher than expected reading should be taken as positive/bullish for the USD, while a lower-than-expected reading should be taken as negative/bearish for the USD.
Ask Questions In Telegram
JOIN VIP SIGNAL GROUP
Watch New Tutorial Video
