US durable goods orders disappoint - Capital Economics

FXStreet (Bali) - Paul Ashworth, Chief North American Economist at Capital Economics, breaks down the disappointing US durable good orders data released on Wednesday.

Key Quotes

"Durable goods orders fell by 1.4% m/m in February, an even larger decline than expected."

"After seasonal adjustment, non-defence aircraft orders fell by 8.9% m/m, whilst motor vehicle orders fell by 0.5% m/m. Meanwhile, core orders fell by 0.4% m/m, with machinery orders down by 1.8% m/m."

It is possible that the unusually severe cold and snowy weather played a role in the weakness of core orders in February specifically, but the more general malaise started in the autumn of last year.

US Q1 GDP estimate cut to 1.5 % from 2.0 % - JPMorgan

Strategists at JP Morgan have downgraded the US Q1 GDP estimate to 1.5 % from 2.0 % previously, following the downbeat Durable Goods Orders on Wednesday.
अधिक पढ़ें Previous

AUD/USD: Below 0.7790 should expose 0.7750 - FXStreet

Valeria Bednarik, Chief Analyst at FXStreet, offers her insights on AUD/USD, noting that below the 0.7790 support should see 0.7750 exposed.
अधिक पढ़ें Next