EUR/USD: US Durable Goods Orders

Note: This section contains information in English only.
Source: Dukascopy Bank SA

The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release on Tuesday at 12:30 GMT. The EUR/USD exchange rate traded in a range of 2 pips or 0.02% right after the release. The Euro continued trading at the 1.1208 level against the US Dollar.

The Census Bureau released the US Durable Goods Orders data, which came lower-than-expected of –1.6% compared with forecasted –1.1%.

The US economic growth is slowing as the stimulus from $1.5T tax cut vanishes. Also, a trade war between the US and China, uncertainty over Brexit and slowing global economies are the factors that negatively impact the US production activity.


Historical Data: US Durable Goods Orders m/m
Date21.11.1821.12.1821.02.1913.03.1902.04.19
Actual-4.4%0.8%1.2%0.4%-1.6%
Forecast-2.2%1.6%1.6%-0.5%-1.1%
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/USD0.708020.70788-0.02%
EUR/USD1.120831.120970.01%
NZD/USD0.676890.67682-0.01%
USD/JPY111.341111.3550.01%
Apr 2, 2019 Open Positions
PairLongsShorts
AUD/USD70.2%29.8%
EUR/USD28.7%71.3%
NZD/USD62.0%38.0%
USD/JPY38.4%61.7%
Economic Calendar for Apr 3, 2019
GMTCurrencyEventForecastPrevious
0:30AUDRetail Sales m/m0.3%0.1%
8:30GBPServices PMI51.051.3
14:30USDCrude Oil Inventories-0.7M2.8M

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