US Durable Goods orders: -1,4% YoY vs -2% exp. and 5,3% previously
- US Core Durable Goods orders: 0.9% MoM vs 0.3% exp. and 0.4% previously
US Building Permits: 1.448M vs 1.4M exp. and 1.411M previously
US Housing starts: 1,4M vs 1,3M exp. and 1,24M previously (6.2% MoM vs 1% exp. and - 4.6% previously)
EURUSD reaction to US macro data is quite mixed - in the very first reaction pair experienced the decline, but 2 minutes after the reading we can see buyers coming in force. However, strong data seems to be fundamentally supportive for the US dollar and potentially 'bearish' to EURUSD.
Source: xStation5
BREAKING: US industrial production higher than expected
Market wrap: European indices set new highs 🚀
NZDUSD: sharp declines after a dovish RBNZ stance 🎙️📄
Economic calendar: US industrial production and durable goods orders 📈
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