The US Dollar weakened against the European Single Currency, following the US Core Durable Goods Orders data release on Friday at 12:30 GMT. The EUR/USD currency pair gained only 6 pips or 0.05% at the time of the release. The data release did not made significant changes to the whole image of the currency pair.
The Census Bureau released US Core Durable Goods Orders data that came lower-than-expected of 0.2%,compared with the forecasted 0.5% . The data release showed traders that the change in the total value of new purchase orders placed with manufacturers for durable goods was lower than expected this time.
Jerome Powell, the chairman of the Federal Reserve said: " I see the current path of gradually raising interest rates as the [Federal Open Market Committee's] approach to taking seriously both of these risks, while inflation has recently moved up near 2%, we have seen no clear sign of acceleration above 2%, and there does not seem to be an elevated risk of overheating."
| Historical Data Table: Core Durable Goods Orders m/m | Economic Calendar for 29.08.2018 | ||||||||
| Date | 26.01.2018 | 27.02.2018 | 23.03.2018 | 27.06.2018 | 24.08.2018 | 12:30 PM | CAD Current Account |
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| Actual | 0.70% | -0.20% | 1.20% | -0.30% | 0.20% | 12:30 PM | US Prelim GDP q/q | ||
| Forecast | 0.50% | 0.40% | 0.50% | 0.50% | 0.50% | 14:30 PM | US Crude Oil Inventories | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.73024 | 0.73057 | 0.05% | AUD/USD | 58.71% | 41.29% | |||
| EUR/USD | 1.15876 | 1.1592 | 0.04% | EUR/USD | 64.27% | 35.73% | |||
| USD/JPY | 111.283 | 111.256 | -0.02% | USD/JPY | 50.00% | 50.00% | |||
| NZD/USD | 0.66678 | 0.66696 | 0.03% | NZD/USD | 64.53% | 35.47% | |||