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
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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