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US core durable goods orders monthly
The US Monthly Core Durable Goods Orders Index is an economic measure that measures US firms’ orders for durable goods such as machinery and equipment. This index is an important indicator of private investment trends in the United States.
When the readings of this indicator rise, it indicates that American companies expect growth in production and sales in the near future, and therefore they are investing in more new machinery and equipment to increase production capacity. This, in turn, indicates a strong economy and increased industrial activity.
When the index readings decrease, this may reflect poor growth expectations and lower demand for products, and thus lower investment in machinery and equipment. This indicates a slowdown in economic growth.
The Core Durable Goods Orders Index is an important economic indicator used to analyze macroeconomic trends and gives indications of investment and manufacturing activity in the United States.
Impact of US Monthly Core Durable Goods Orders in USD Trading in Forex?
The monthly release of the US Core Durable Goods Orders index affects the forex market and the US dollar positively. When the index is released with a higher than expected reading, this reflects the strength of the US economy and the high demand for the dollar. This, in turn, leads to higher dollar prices in the forex market.
In contrast, when the index comes out less than expected, this may indicate a slowdown in the US economy and lower demand for the dollar. This would weaken the value of the dollar and lead to a decline in its prices in the forex market.
Therefore, forex traders benefit from following the release of the US Core Durable Goods Orders monthly and comparing the actual readings to the forecasts. If the actual reading is higher than expected, the price of the dollar is likely to rise, while if it is less than the expectations, the price of the dollar may decline. By following these movements, forex traders can make profitable investment decisions.
The US Monthly Core Durable Goods Orders is an important economic indicator that directly affects the US dollar and the US exchange market. So forex traders should monitor it periodically to make profitable investment decisions.
The body responsible for issuing the monthly US core durable goods orders index
The US Core Durable Goods Orders Index is released by the US Department of Commerce. It measures changes in the pattern of demand for major durable goods in the US economy, from automobiles to equipment. When orders increase, it usually indicates that business and investment activities are growing or expanding, which indicates a stronger economy.
The US Department of Commerce is the body that publishes the Core Durable Goods Orders index every month, the index is usually released at the end of the month. It is classified among other macroeconomic data published by the Ministry on a monthly basis.
When will the US Core Durable Goods Orders monthly be released?
Released monthly, about 26 days after the end of the month
Next release
Jun 27, 2024
