Industrial orders in the USA
- Nondefense capital goods shipments (excluding aircraft) (m/m), fact -0.2%, previous value -0.1%.
- Industrial Orders (m/m) (November), fact -0.6%, forecast 0.3%
The report on industrial orders in the USA for November deteriorated significantly, showing a slowdown in the rate for the second consecutive month, increasing markedly concerns about the US industrial sector.
Fig. 1. U.S. industrial orders chart
The US currency also accelerated the decline in weak U.S. data. The US dollar index was under the pressure from a correction at a rebound from the resistance level of 95.90 and the upper border of the trade channel, opening the way to support levels: 95.80-70.
Fig. 2. The US dollar index chart. The current price is 95.80 (10-year government bonds yield is the blue line)
Read also: “Cycles Theory in the FOREX market. Briefly about everything”
Hanzenko Anton
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