Tuesday 26 April 2016

US durables weaker than expected, Euro pushed higher

New orders for US durable goods in March increased by 0.8% to $230.7 billion amid the expectations for an increase of 1.9%, following the February decrease of 3.1%.
Shipments and unfilled orders are down with respectively 0.5% and 0.1%, inventories remain unchanged.
The big knock of the increase with 48.4% are the defense new orders for capital goods.


Encouraged by the weak numbers, the Euro reacted with positive mood and climbed more than 0.50% against the USD to trade at 1.1330. Once overtaking this level, we may expect further increase to the stronger resistance level at 1.1340. 

No comments:

Post a Comment