A chance to trade the USD

A chance to trade the USD

The United States will release durable goods orders at 15:30 MT time on June 27. What is this strange thing and why does it matter to Forex traders?

To keep it simple, durable goods orders represent just another important piece of the US economic statistics. Durable goods are goods like automobiles, tools, etc. that have a long term of service. If manufacturers order a lot of such goods, it means that they are increasing their activity and will produce more. Production contributes to economic growth, so an increase in durable goods order is positive for the American currency. Do not miss this release if you trade USD!

  • If the indicator is greater than the forecast, the USD will rise.
  • If the indicator is weaker than the forecast, the USD will decline.

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Market updates on August 15

The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.

Latest news

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German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday…

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