Core Durable Goods Orders m/m

Tomorrow at 8:30 the U.S. Core Durable Goods Orders m/m will be released.

The Durable Good Orders is the difference in the value of new purchase orders with manufacturers concerning durable goods. The release does not include transportation items.

Since April the release for the Core Durable Goods has been lower than the forecast. This tells me that a release with some bullish deviation has the potential to move the markets, at least a little.

Unemployment claims were bearish for the dollar today. I think another bearish Core Durable Goods release tomorrow could show some bearish movement for the dollar, especially since they are expected to post improvement.

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