The European Common Currency traded sideways against the US Dollar, following the US Durable Goods Orders data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 5 pips or 0.05% right after the release. The Euro continued trading at the 1.0932 level against the Greenback.
Census Bureau released the US Core Durable Goods Orders data, which came out better-than-expected of 0.5% compared to the forecast of 0.2%. Note that the US Personal Spending data was released at the same time.
Orders for long-lasting goods increased gradually in August. However, the advance was mostly military-related, thus, unlikely to remain. Demand was weak in the majority of key industries.
| Date | 24.05.19 | 26.06.19 | 25.07.19 | 26.08.19 | 27.09.19 |
|---|---|---|---|---|---|
| Actual | 0.0% | 0.3% | 1.2% | -0.4% | 0.5% |
| Forecast | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.67607 | 0.6759 | -0.03% |
| EUR/USD | 1.09363 | 1.09329 | -0.03% |
| NZD/USD | 0.62944 | 0.62921 | -0.04% |
| USD/JPY | 108.105 | 108.124 | 0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 69.4% | 30.6% |
| EUR/USD | 37.1% | 63.0% |
| NZD/USD | 71.8% | 28.2% |
| USD/JPY | 58.6% | 41.5% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:00 | NZD | ANZ Business Confidence | - | -52.3 |
| 8:30 | GBP | Current Account | - | -30.0B |
| 8:30 | GBP | Final GDP q/q | - | -0.2% |