US durable orders report for July was a key point in today's calendar. Data showed headline orders rise by 11.2% MoM, against expected 4.3% MoM increase. Orders excluding transportation increased 2.4% MoM, against expected 2% MoM increase. Better-than-expected results were also registered in other categories like, capital orders excluding defense.
EURUSD moved lower after the releases and broke below support at 1.1785. Equities barely moved.
EURUSD deepened decline after release of solid US durable orders data. The pair is breaking below support at 1.1785. Source: xStation5
Durable goods orders increased on month-over-month basis but were still 1% lower than a year ago. Source: Macrobond, XTB
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