Forex: EUR/USD muted after US Durable Goods

FXstreet.com (Barcelona) - The bloc currency remained indifferent after the US Durable Goods Orders expanded 5.7% during February, beating forecasts and January’s print. On the opposite direction, orders contracted 0.5% when stripping the Transport sector, missing the median and previous print.

Next on tap across the pond will be the US Consumer Confidence (68.0 exp.) followed by the New Home Sales (420K exp.).

At the moment, the cross is up 0.03% at 1.2853 with the next hurdle at 1.2950 (MA10d) ahead of 1.3050 (high Mar.25) and finally 1.3107 (high Mar.15).
On the flip side, a breach of 1.2832 (low Mar.25) would clear the way to 1.2730 (low Nov.19) en route to 1.2700 (161.8% of Feb1 2011).

Mar 26, 2013

US: Durable Goods Orders beat consensus and rises 5.7% in February, ex-transportation disappoints

US Durable Goods Orders rose 5.7% in February, beating consensus of 3.8%. January data was revised higher from -4.9% to -3.8%. Excluding transportation, durable goods orders dropped -0.5%, disappointing expectations of +0.5%, but saw its January print being revised higher from 2.3% to 2.9%. The ex-transportation print at -0.5% was the first negative one in five months.

Forex: NZD/USD moves into positive territory at 0.8357/59

The NZD/USD has been advancing in recent minutes off the 0.8342 level – a movement that was helped in part by mixed economic data in the United States. Having risen 15 pips, the cross has now manage to extend some manner of an advance to trade at 0.8357/59.