News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • Apple Q3 Earnings Summary: Revenues: $81.43 B vs. $73.30 B est. EPS: $1.30 vs. $1.01 est. $AAPL
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 94.03%, while traders in Wall Street are at opposite extremes with 70.86%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BH99T78609
  • Google Q2 Earnings Summary: Revenues: $61.88 B vs. $56.23 B est. EPS: $27.26 vs. $19.35 est. $GOOG $GOOGL
  • USD/MXN trades cautiously but the Federal Reserve decision on Wednesday could spark volatility. Get your $USDMXN market update from @DColmanFX here:https://t.co/mpbPDzKJGE https://t.co/ZQ7gKz9TN8
  • Did the pre-FOMC drift kick into overdrive? More on this from the @NewYorkFed below: https://t.co/KUhtFCFLRI $SPY $SPX #StockMarket https://t.co/7fegBvVFni
  • Microsoft Q4 Earnings Revenue: $46.15 B vs. $44.26B est. EPS: $2.17 vs. $1.92 est. $MSFT
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.32% Germany 30: 0.16% FTSE 100: 0.15% US 500: -0.01% Wall Street: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/EmNFJ89MRH
  • The US Dollar pullback is testing confluent support here just ahead of tomorrow’ FOMC interest rate decision. Get your $USD market update from @MBForex here:https://t.co/XM7yGSnQtZ https://t.co/qx38T2sPEa
  • US President Biden: Mandatory vaccination for government workers under consideration $USD $DXY
  • CDC Director Walensky: - Some vaccinated people infected with Delta variant may spread virus - Decision to wear a mask is still a personal choice
U.S. Dollar Gains As U.S. February Factory Orders Rise Less Than Expected

U.S. Dollar Gains As U.S. February Factory Orders Rise Less Than Expected

Tzu-Wen Chen, Technical Strategist

THE TAKEAWAY: [U.S. Factory Orders Rebounds in February but weaker than forecast] > [Demand for new vehicles and business investment boost manufacturing] > [USD gains against AUD]

U.S. factory orders rebounded in February on the back of demand for new vehicles and business investment, rising by 1.3 percent after a revised 1.1 percent decline in January. Orders to U.S. factories have climbed in three of the past four months. The print falls slightly short of expectations, as the median forecast of 60 economists surveyed by Bloomberg News had called for a 1.5 percent increase. Orders excluding transportation equipment increased by 0.9 percent, the most in five months, after declining by 0.5 percent in January.

According to a report released by the U.S. Department of Commerce today, orders for capital goods excluding aircraft and military equipment, a measure of future business investment, rose by 1.7 percent after falling 3.4 percent the previous month. Shipments of capital goods, which are used in calculating gross domestic product (GDP), climbed by 1.4 percent after falling 2.8 percent in January. Meanwhile, booking for non-durable goods, including petroleum, rose by 0.4 percent, while a 1.3 percent increase in unfilled orders signaled a pickup in production.

AUDUSD 1-minute Chart: April 03, 2012

U.S._Dollar_Gains_As_U.S._February_Factory_Orders_Rise_Less_Than_Expected_body_Picture_1.png, U.S. Dollar Gains As U.S. February Factory Orders Rise Less Than Expected

Chart created using Strategy Trader – Prepared by Tzu-Wen Chen

After an initial drop following the data release, the greenback rallied against higher-yielding currencies such as the Australian dollar and New Zealand dollar. The US dollar continued to advance as the weaker-than-expected data pared risk appetite and sent investors back towards the safe haven currency. At the time of this report, the greenback was trading 11 pips higher at $1.0369 against the Aussie.

--- Written by Tzu-Wen Chen DailyFX Research

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

DISCLOSURES