US durable goods orders data for July was released today at 1:30 pm BST. Report turned out to be mixed - headline sales slumped more than expected while core sales increased more than expected. Jobless claims data that was released simultaneously came in at 230k.
Overall, it is hard to draw conclusions what today's durable goods orders report may mean for Federal Reserve and its upcoming decision. The most likely option is that it won't have major impact on Fed's decision making as US central bankers are more likely to focus on jobs and inflation data.
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Open account Try demo Download mobile app Download mobile appUSD gained following the release with EURUSD moving to a fresh daily low near 1.0830.
US durable goods orders for July
- Headline: -5.2% MoM vs -4.1% MoM expected (+4.6% MoM previously)
- Ex-transport: +0.5% MoM vs +0.2% MoM expected (+0.5% MoM previously)
Jobless claims: 230k vs 240k expected (239k previously)
EURUSD deepens decline following mixed US durable goods orders report and moves to a fresh daily low. Source: xStation5
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