durable goods

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Week Ahead – Busy week for PMI and GDP data; Fed speakers also eyed

Posted on May 20, 2016 at 12:55 pm GMT

Preliminary PMI readings for the Eurozone will be among the main data releases of the coming week along with second estimate GDP for the first quarter for the UK, the US and Germany, as well as Japanese inflation. The US calendar will be the busiest with housing data and durable goods orders also due. However, upcoming speeches from several Fed officials could attract more attention given the recent strong signals coming from the Fed lately on a possible June/July rate hike. [..]

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European Session – Sterling steady after UK GDP, dollar buoyed by US data

Posted on February 25, 2016 at 3:35 pm GMT

The European session today was relatively subdued with little volatility. Risk was more on rather than off and the calmer European markets despite the sell off in China’s markets earlier today, meant there was less demand for safe havens. The yen was weaker and the euro was down as the dollar recovered after strong US durable goods data. The number of orders for goods lasting more than three years rose 4.9% in January, beating forecasts for a 2.5% rise and [..]

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US personal consumption slows in October but capital goods spending jumps

Posted on November 26, 2015 at 12:35 pm GMT

A batch of key indicators for the US economy out on Wednesday showed that consumers are saving more and spending less even as incomes rise. However, there are signs that the manufacturing sector could be coming out of the doldrums as spending on capital goods increased in October for the first time in three months. Personal income rose by 0.4% m/m in October, in line with consensus estimates and faster than September’s upwardly revised 0.2% gain. The increase was led [..]

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Strong durable goods and housing data adds fuel to dollar rally

Posted on May 26, 2015 at 3:08 pm GMT

US total durable goods orders fell by 0.5% in April from the previous month, in line with forecasts. But March’s figure was revised upwards to 5.1%. Excluding transport, durable goods orders rose by 0.5% on the month, against expectations of a 0.3% rise according to a Reuters poll, and March’s figure was also revised higher to 0.6% from -0.2%. The underlying improvement in business investment is further evident by looking at the core figure for non-defense capital goods orders excluding [..]

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Forex News – US economy on positive track according to durable goods, consumer confidence

Posted on August 27, 2014 at 1:53 pm GMT

The latest data from the US economy released on Tuesday was moderately positive and they showed that both business investment and consumer confidence were broadly on track.  This benefited the US dollar and strengthened the existing arguments that the dollar’s rally may have further to run. Starting with durable goods orders, the headline number jumped by 22.6% month-on-month, crashing expectations of a 7.5% rise.  The main reason for this outsized gain was various airplane orders received by Boeing following a [..]

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