Data on orders for durable goods in the US

• Basic orders for durable goods in the US (m/m) is 0.9%, the forecast is 0.5%.
• The volume of orders for durable goods in the US (m/m) is -1.7%, the forecast is -1.4%.

Data on orders for durable goods in the US in April were very mixed, having a deterrent effect on the dynamics of the American. Earlier, the rapid growth of the dollar was caused by the resumption of negative sentiment in the market and the weakening of European stock exchanges. Probably, the pressure on the general sentiments of the market was caused by the downward dynamics of oil caused by fears.

The US dollar, along with gold, continues to be in demand due to the flight from risks and correction of positions before a long weekend in the US. The dollar index managed to return to the psychological resistance of 94.00, but under the prevailing conditions the breakthrough of this resistance is unlikely.

Graph of the US dollar index. The current price is 94.00 (the yield of 10-year government bonds is a blue line)

Also, read: “The concept of the market driver and what to look for during the trade”

Hanzenko Anton