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
EUR/USD
Mixed
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
Bearish
Gold
Bearish
GBP/USD
Mixed
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
USD/JPY
Mixed
More View more
Real Time News
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: US 500: 0.39% Wall Street: 0.06% Germany 30: -0.21% France 40: -0.23% FTSE 100: -1.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/LEp8Xu4W5K
  • Pullback has the 14000 level in focus as support. Support is important for short-term outlook. Get your $GBP market update from @PaulRobinsonFX here:https://t.co/rPEgnVP7lY https://t.co/2b11tg6ZDV
  • there's that 1.4000 level again $GBPUSD multiple resistance inflections on the way up. first support test at this spot since the breakout https://t.co/qpsq0NqMvN https://t.co/snZCBwNrby
  • $USD made it a quick trip up to fibo resistance looked at in yday's webinar ~90.82 https://t.co/gedHWHfyKN https://t.co/ICAUcMaHYT
  • This is a pair flying under the radar but registering an extreme. $CADJPY weekly has difference between spot and 50-week moving average at +9.5%. Momentum past three weeks not only aggressive, the move has pushed it to 50% of 2014-2020 and 38.2% Fib of historical range https://t.co/yQJ15UpOTG
  • 🇺🇸 Initial Jobless Claims (08/MAY) Actual: 473K Expected: 490K Previous: 566K https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇺🇸 Jobless Claims 4-week Average (MAY/08) Actual: 534K Previous: 655.75K https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇺🇸 Continuing Jobless Claims (01/MAY) Actual: 3655K Expected: 3655K Previous: 3651K https://www.dailyfx.com/economic-calendar#2021-05-13
  • 🇺🇸 PPI MoM (APR) Actual: 0.6% Expected: 0.3% Previous: 1% https://www.dailyfx.com/economic-calendar#2021-05-13
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 90.48%, while traders in GBP/JPY are at opposite extremes with 68.51%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ebZHqitIAd
A Surprising Rise in Durable Goods Orders Bumps US Dollar Higher

A Surprising Rise in Durable Goods Orders Bumps US Dollar Higher

Benjamin Spier, Technical Strategist

Talking Points:

  • US Durable Goods Orders rises 3.5% in November, beating expectations
  • USD/JPY gains muted ahead of the early market close

Want to trade with proprietary strategies developed by FXCM? Find out how here.

US durable goods orders increased more than expected in November, sending the dollar slightly higher in Forex trading at the time.

Durable goods orders rose by 3.5% from the prior month, beating expectations for a 2.0% rise in orders and better than the revised 0.7% decline in durable orders reported for October. Excluding the more volatile transportation orders, durables orders rose 1.2%, also better than expectations for 0.7%.

Following the Fed’s decision to taper its monthly asset purchases by 10 billion US Dollars last week, Chairman Bernanke said the Fed may continue to taper its monthly purchases in future months, depending on the economic data assessments. Therefore, better than expected economic releases like today’s durable goods orders may paint a brighter picture of the US economy and encourage further unwinding of QE3.

That is why the US Dollar jumped about seven pips against the Japanese Yen following the release, although the reaction was muted because durable goods orders are not a major data point and volatility is low before the holidays. USD/JPY continues to trade above 104.00 at the time of this writing, and a 5-year high at 104.63 may continue to provide resistance.

Reminder: FXCM’s trading closes early today for the Christmas break. Full holiday schedule here.

New to Forex? Watch this video

USD/JPY 1-Minute: December 24, 2013

A_Surprising_Rise_in_Durable_Goods_Orders_Bumps_US_Dollar_Higher_body_Picture_1.png, A Surprising Rise in Durable Goods Orders Bumps US Dollar Higher

Chart created by Benjamin Spier using Marketscope 2.0

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

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

DISCLOSURES