U.S. Durable Goods Orders Send the USD Up, Making Us A Handful of Pips - Forex News by FX Leaders

U.S. Durable Goods Orders Send the USD Up, Making Us A Handful of Pips

Posted Wednesday, September 27, 2017 by
Skerdian Meta • 1 min read

The U.S. durable goods orders report was just released, and it was a positive one, which is also positive for us since we had a sell forex signal in NZD/USD.

Core durable orders came out unchanged at 0.2% as expected, but the durable orders jumped to 1.7% against 1% expected.

On the other hand, capital goods orders which strip out aircrafts and defense orders also jumped 0.9% higher, while expectations were for a reading of 0.3%.

This chart has remained in positive territory most of this year.

This is a good report for the Dollar because all the details are positive, and in the last year, the readings have been mostly positive, unlike the previous years.

The USD found some more bids which sent NZD/USD lower. We had a sell forex signal in this pair which we opened a while ago and closed pretty quickly, so more pips in our account today.

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About the author

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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