We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • US 69-Day Bills Draw 0.07% Primary Dealers Awarded: 33.0% Indirect Bidders Accepted: 65.9% Direct Bidders Accepted: 1.1% B/C Ratio: 2.87
  • NYC covid-19 deaths rise to 932 from 914 $SPX
  • US consumer confidence sank for the month of March according to the Conference Board, coming in at 120.0 from 132.6. How is this impacting $USD? Find out from @FxWestwater here: https://t.co/dV5s2sqY0y https://t.co/aN0TPDibYT
  • Trump says low rates make it a good time for infrastructure spending $SPX
  • El dólar ( $USD) se beneficia del fin de trimestre, EUR/USD por debajo de 1.10 #eur #usd #trading https://t.co/L7TTcCMGQX
  • Trump calls for 2 trillion worth of infrastructure in next virus stimulus package $DXY $SPX
  • RT @realDonaldTrump: With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructur…
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: -0.21% 🇯🇵JPY: -0.33% 🇨🇦CAD: -0.59% 🇪🇺EUR: -0.77% 🇦🇺AUD: -0.87% 🇳🇿NZD: -1.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/kqLBn85GQc
  • Here comes the month end - $GBP whack!!!
  • Bitcoin Price Outlook: BTC/USD Recovery Faces A Key Resistance Level More details in the link below: https://www.dailyfx.com/forex/technical/article/special_report/2020/03/31/Bitcoin-Price-Outlook-BTCUSD-Recovery-Faces-A-Key-Resistance-Level-MK.html?CHID=9&QPID=917714 https://t.co/jLaqew85E2
U.S. Dollar Extends Gain as November Factory Orders Sharply Rebounds

U.S. Dollar Extends Gain as November Factory Orders Sharply Rebounds

2012-01-04 16:32:00
Trang Nguyen,
Share:

THE TAKEAWAY: U.S. Factory Orders Climbs the Most in Four Months in November> Economy Might Continue to Expand in Early 2012> USD extend gains

New orders placed with American factories in November advanced the most in four months, a positive sign that rebound in manufacturing sector will help stoke growth in the world’s largest economy in early 2012. A report issued today by Commerce Department showed that factory orders climbed 1.8 percent in November, following a revised 0.2 percent fall in the previous month. The print, however, misses consensus forecast as economists surveyed by Bloomberg News had called for a rise of 2 percent. Besides, October loss was revised higher to -0.2 percent from -0.4 percent initially reported in the preliminary reading.

U.S. Monthly Factory Orders Change: June 2010 to Present

010412_US_Factory_Orders_November_body_x0000_i1026.png, U.S. Dollar Extends Gain as November Factory Orders Sharply Rebounds

Prepared by Trang Nguyen

New orders sharply picked up in November as a surge in demand for aircraft, autos and metals far more offset a drop in computers and electronics. Excluding transportation, new orders edged up 0.3 percent while excluding defense, new orders increased 3.7 percent. Meanwhile, unfilled orders gained for the nineteenth month in the last twenty months, rises 1.3 percent to $898.1 billion. In addition, inventories of manufactured durable goods reached highest level in the month, up 0.6 percent to $368.8 billion.

USD/CHF 1-minute Chart: January 4, 2012

010412_US_Factory_Orders_November_body_Picture_1.png, U.S. Dollar Extends Gain as November Factory Orders Sharply Rebounds

Charts created using Strategy Trader– Prepared by Trang Nguyen

U.S. Dollar strengthens against most of its major trading partners in North American trading session today as appetite for risk in the first trading day seems to fade away amid worries about prolonged sovereign crisis in Eurozone. The 1-minute USD/CHF chart above illustrated 30-pip hike following the factory orders report. The greenback extended gains versus the Swiss franc from 0.9400 to 0.9430 within fifteen minutes. The Relative Strength Indicator crossing above the 70-level twice indicated that currency traders was massively purchasing the U.S. dollar instead of the franc. It is evident that the Swiss franc was trading under pressure amid allegations of “insider trading” of Swiss National Bank President Philipp Hiberand. At the time this report was written, the U.S. dollar traded at 0.9427 Swiss francs.

--- Written by Trang Nguyen, DailyFX Research Team for DailyFX.com

To contact Trang, email tnguyen@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.