Where is the USD after the US durable goods orders?
Skerdian Meta • 1 min read
The US durable and core durable for March were published a couple of hours ago. The durable goods orders were expected at 01.9% but they came out at 0.8%, while the core orders were expected at 0.6% but the real number was -0.2%. Even the February numbers were revised down 0.3% and 0.2% respectively. That points to a lower GDP for Q1, which will be released on Thursday. That went against our forex signals as the USD lost about 60 cents across the board. It is reversing now and that gave a chance to open a USD/JPY buy signal, which already hot take profit.
EU/USD jumped about 60 pips after the disappointing goods orders