Forex Trading News - Durable Good Orders

The US Durable Good Orders expected flat at 0.0% came in above expectations at 1.3%, the prior months reading was +0.8%, revised up 1.3%. The Durable Good Orders removing the Transportation sector was expected at -0.7% came in better than expectations at .7%, the prior months release was +2.0%, which was revised up to 2.4%. The USD is reacting positively to this report.

Orders for Non Defense Capital Goods excluding aircraft increased by 2.6 percent.  Shipments for these orders increased by 0.6%. This was higher than 0.4% in June. The June number was revised down from 0.7%.  This figure is used in GDP figure and may therefore have a negative effect on the 2nd quarter revision announced tomorrow. Expectations are currently for the 2nd quarter GDP to come in at 2.7%.