Factory Orders (USA): after announcing that the trade agreement between the USA and China has moved off the ground, I believe that durable goods have also come here. Boeing aircraft should be included in this list. For this reason, there is an option to increase the forecast in the bull direction and I will support this option.
I think the result will be above expectations. The dollar rose against the Japanese yen, as demand for safe currencies weakened, amid news of emerging progress in the US trade agreement with China. The Commerce Department released a report showing a slight rollback of production orders by 0.1% in August.
Factory Orders release in USA today with forecasts to see another drop this month for the 3rd consecutive month but this month will be in strong form and expected to exceed -0.5% and will be the biggest drop since June 2019 .
the main manufacturing sectors in USA suffered in the last few months especially ISM manufacturing PMI that drooped strongly last month that refer to more recession in this sector that reflect in Factory orders also .
i expect USD/JPY will drop after this result release .
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