Mixed US Durable Goods Orders for December
Skerdian Meta•Tuesday, January 28, 2020•1 min read
The economic calendar has been pretty light during the European session, but there are a couple of decent economic releases scheduled for the US session. The CB consumer confidence will be released later, while US durable goods orders were released a while ago. The details for the December report are listed below:
- Durable goods orders 2.4% versus 0.4% estimate
- The prior month was revised to -3.1 from -2.1 initially reported
- Goods orders excluding transportation -0.1 versus 0.3% estimate
- Prior month revised -0.4% from -0.1% previously reported
- Capital goods orders nondefense ex air -0.9% versus 0.2% estimate
- November was revised to +0.1% from 0.2% previously
- Capital goods shipments nondefense ex air -0.4% versus 0.2% estimate
- The prior month is un-revised at -0.3%
As shown above, the headline number is pretty strong, showing a 2.4% increase against 0.4% expected. but that comes after a big decline in November, which was revised even lower to -3.1%. All the other details are soft, so this report is pretty mixed and doesn’t show anything in particular, hence the USD is not making any move, as traders remain uncertain.
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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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