BREAKING: US durable goods orders stronger than expected 🗽EURUSD reacts

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

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