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US Durable Goods Orders – Forex Trading Update
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fxsolutions
Joseph Trevisani, Chief Market Analyst at leading Forex trading broker FX Solutions (http://www.fxsolutions.com/), provides a report of US Durable Goods Orders on 28th September.
\”Orders for goods designed to last more than three years fell slightly in August but performed better than expected and orders by companies jumped almost three times the forecast.
The headline number for all goods in the economy, consumer and business, declined 0.1%; -a fall of 0.2% had been predicted in the Bloomberg survey of economists. The July number was revised up to 0.1% to 4.1%.
The August improvement in non-defense capital goods excluding aircraft, synonymous with business equipment investment, shot up 1.1%, well ahead of the 0.4% prediction. The July result was revised sharply higher to -0.2% from -1.5%.
Business investment has been one of the steady drivers of the economic recovery that began in mid-2009. Today\’s number seem to indicate that despite consumer retrenchment business executive still view this as a good time to improve the competitive position of their firms.\”
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Forex trading
involves substantial risk of loss and is not suitable for all investors.About FX Solutions FX Solutions is a leading
online Forex trading
broker with a focus on advanced trading technologies, transparency of transaction and unparalleled customer service. FX Solutions serves retail clients, white label partners, institutional trading partners and introducing brokers in over 140 countries. FX Solutions\’ products are regulated in the United States, United Kingdom and Australia. FX Solutions in the United States is regulated as a member of National Futures Association, and registered with the Commodity Futures Trading Commission as a Futures Commission Merchant. In the United Kingdom, FX Solutions is a registered trading name of City Index Limited which is authorized and regulated by the Financial Services Authority. FX Solutions in Australia is a registered trading name of City Index Australia Pty Ltd. which is authorized and regulated by the Australian Securities and Investments Commission.
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