- Analytics
- News and Tools
- Market News
- US: Durable Goods Orders rise by 1.6% MoM in January vs. 0.8% expected gain
US: Durable Goods Orders rise by 1.6% MoM in January vs. 0.8% expected gain
- Headline and Core Durable Goods Orders rose at a faster than expected pace in January, with December figures also seeing positive revisions.
- This didn't seem to provoke a market reaction with focus more on geopolitics.
According to the latest release by the US Census Bureau, US Durable Goods Orders rose by 1.6% MoM in January compared to market expectations for a 0.8% rise in sales. That marked an acceleration versus December's 1.2% MoM pace of gain, which had seen a big revision higher from -0.7%. The more widely followed Core Durable Goods Orders growth rate was also stronger than expected at 0.7% MoM versus 0.4% consensus forecasts, with December's 0.9% MoM growth rate also being revised substantially higher from 0.6% previously.
Market Reaction
It does not seem as though FX or other markets have reacted to the latest tranche of US data, with focus much more on geopolitical developments for now.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
