Forex News: US Factory Orders due at 10:00 AM EDT

The United States Factory Orders for the month of May will be released at 10:00 AM.  The statistic measures the value of new purchase orders placed with domestic manufacturers for both durable and non-durable goods.  Durable Good Orders came in at unchanged in May and down 0.9% when transportation was stripped out.  Note that although the report includes Durable Goods, the number can and is often revised in this report.  The expectation is for an increase of 0.5% for the month.  This would be the 3^rd month in a row that the index increased.