A Last Chance to Get Some Action From US Durable Goods Orders
Skerdian Meta • 1 min read
US durable goods orders and core durable goods orders are about to be released shortly, which will be the last major data release before the weekend and the Jackson Hole summit which will start later this evening.
As we mentioned in the previous forex update, durable goods orders are expected to decline by 6% which is pretty huge while the consensus for the core number stands at.
If the numbers came as expected or worse, I expect the USD to take a short lived dive, which I would normally buy since the big event is coming up later today.
If the numbers are positive, then I would buy at spot if I can get in the market but I would unload after some time. This is not the time to be greedy.