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27.07.201709:16 Forex Analysis & Reviews: Breaking forecast: Orders for durable goods USA 13.30 London time

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Breaking forecast: Orders for durable goods USA 13.30 London time.

Orders: Forecast + 3.5% (to the previous month). The previous value was -1.1%. The forecast range is +1.5 + 6.0%.

Orders of the previous year + 2.7%, excluding transport + 5.5% and investment goods + 5%.

Why is it important?

Orders for durable goods reflect the opinions of business and consumers about the medium-term prospects of the economy. In case of optimistic expectations, citizens and businesses buy large and expensive goods. Business invests in development.

The forecast is strong for the dollar, and we can expect a significant correction at the rate of EUR/USD and other assets, in favor of the US dollar.

The euro has reached the upper limit of the trend corridor at 1.1785, which makes a strong pullback possible.

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