Orders for U.S. durable goods unexpectedly slipped 0.6% in October amid expectations for a 0.5% rise, while the previous month’s reading showed a 2.0% expansion from an initial forecast for a 1.0% increase. At the same time, durables excluding transports tumbled 1.3% after rising a revised 1.8% in September, and businesses may keep a lid on spending going into the following year as global trade conditions remain subdued.

U.S. durable goods orders are expected to improve for a second month with demand increasing by 0.5% following a 1.0% improvement the month prior. The current positive trend in demand for long lasting goods bodes well for sustainable growth as continued investment is a sign of improving optimism which will eventually lead to an increase in hiring.

US Dollar Forecast to Remain Range-Bound versus Euro
Euro May Finally See a Breakout Against the Dollar This Week Against
Japanese Yen Breakout Looms in Thin, Risk-Driven Trade
British Pound Outlook Remains Bearish Ahead of UK GDP Revisions
Swiss Franc Looks To Break Range As Growth Fears Rise
Canadian Dollar Tracking its Commodity Compatriots to its Detriment
Australian Dollar Strength May Succumb To Interest Rate Expectations
New Zealand Dollar at Clear Risk as RBNZ Independence Threatened

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How promising is the outlook for growth and expected returns? This is a critical question that has perhaps been glossed over, or in some instances utterly ignored, over the past six months. However, now that the world’s economy seems to be hitting its stride in the burgeoning recovery; investors are seeing the tempo that the markets can be expected to run more clearly. And, after eight months of solid rally for even the most suspect of assets, it seems investors are ready to take a hard look at current values and measure them up to where conditions will be three, six, twelve months down the road.