Fundamental Analysis

Important Forex News | Forex News Prediction – 28th September, 2016

Currency News: USD

News Name: Core Durable Goods Orders m/m
Forecast: -0.5%
Previous: 1.3%

Actual: ?????

News SourceCensus Bureau (latest release)
MeasuresChange in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 26 days after the month ends;
Next ReleaseOct 26, 2016
Special NotesOrders for aircraft are volatile and can severely distort the underlying trend. The Core data is therefore thought to be a better gauge of purchase order trends;
Why Traders
It’s a leading indicator of production – rising purchase orders signal that manufacturers will increase activity as they work to fill the orders;
Also CalledDurable Goods Orders Ex Transportation;

Previous History: 

Aug 25, 20161.5%0.4%-0.4%
Jul 27, 2016-0.5%0.3%-0.4%
Jun 24, 2016-0.3%0.1%0.5%
May 26, 20160.4%0.3%0.1%
Apr 26, 2016-0.2%0.6%-1.3%
Mar 24, 2016-1.0%-0.2%1.7%

About the author

David Richard

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