U.S. Durable Good Orders Rose: EURUSD falling

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Core durable good orders rose 1.3% to $154.99 billion in April. The figure, being more than the forecast of 0.6%, the positive deviation could be playing a part in the U.S. Dollar strength today.

Core durable good orders show the % of change in the total value of new purchase orders placed with manufactures for durable goods. The “core” report excludes transportation items.

The EURUSD could fall below the 1.280 support area next week with a bearish close signal today. What do you think the U.S. Dollar will do in the coming weeks? If you want to share your thoughts, reply to Casey’s question on his twitter profile, or leave a comment below.

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