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.
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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
