Durable Goods Orders in U.S. Slump 4%, Most in Three Years @ Forex Factory

Durable Goods Orders in U.S. Slump 4%, Most in Three Years

From bloomberg.com

Orders for U.S. durable goods fell in January by the most in three years, led by a slowdown in demand for commercial aircraft and business equipment. Bookings (DGNOCHNG) for goods meant to last at least three years slumped 4 percent, more than forecast, after a revised 3.2 percent gain the prior month, data from the Commerce Department showed today in Washington. Economists projected a 1 percent decline, according to the median forecast in a Bloomberg News survey. The expiration at the end of 2011 of a tax incentive allowing full depreciation on equipment purchases may have prompted a slowdown in ... (full story)

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- Feb 28, 2012 8:34am
- #1
- Quote
- mehboob
  
  173 posts
- unbelievable 3.2%.what is going on with Euro zone and USA. unbelievable 3.2%.what is going on with Euro zone and USA.
- Feb 28, 2012 8:37am
- #2
- Quote
- eqshack
  
  1,003 posts
- it means dollar strengthening it means dollar strengthening:D
- Feb 28, 2012 8:38am
- #3
- Quote
- Guest
  
  IP XX.XXX.60.148
- who let the bears out! who let the bears out! who let the bears out! who let the bears out!
- Feb 28, 2012 8:39am
- #4
- Quote
- Boy Wonder
  
  72 posts
- Yikes Yikes
- Feb 28, 2012 8:39am
- #5
- Quote
- mehboob
  
  173 posts
- Quoting eqshack
  
  it means dollar strengthening
  
  wonderful analysis wonderful analysis
- Feb 28, 2012 8:40am
- #6
- Quote
- Sergii27
  
  29 posts
- it means also QE it means also QE
- Feb 28, 2012 8:42am
- #7
- Quote
- Guest
  
  IP XXX.XXX.20.26
- lets short eu till qe3 lets short eu till qe3 :)
- Feb 28, 2012 8:43am
- #8
- Quote
- Kis Zoltan
  
  357 posts
- You're right Sergii27."Sad but true." You're right Sergii27."Sad but true."
- Feb 28, 2012 8:44am
- #9
- Quote
- Scientist
  
  469 posts
- it means gold will resume uptrend, buy buy buy! it means gold will resume uptrend, buy buy buy!
- Feb 28, 2012 8:44am
- #10
- Quote
- moulayja
  
  15 posts
- IT means USD Up or down ?? IT means USD Up or down ??
- Feb 28, 2012 8:46am
- #11
- Quote
- mehboob
  
  173 posts
- This shows a slowdown of US economy and fundamentally USD should be down.i am talking about Dollar Index. This shows a slowdown of US economy and fundamentally USD should be down.i am talking about Dollar Index.
- Feb 28, 2012 8:47am
- #12
- Quote
- moulayja
  
  15 posts
- So EUR/USD UP or Down ?? So EUR/USD UP or Down ??
- Feb 28, 2012 8:48am
- #13
- Quote
- eqshack
  
  1,003 posts
- but it wont take it down..not today.. USD will go up
  im short eurusd,gbpusd,audusd from top
  long usdchf from bottom but it wont take it down..not today.. USD will go up im short eurusd,gbpusd,audusd from top long usdchf from bottom
- Feb 28, 2012 8:49am
- #14
- Quote
- Minde
  
  78 posts
- i dont fking get it, bad news, USA economy getting slower more then expecting,so it means USD is weaker , and US goes up i understand maybe its just for short time,but why ? i dont fking get it, bad news, USA economy getting slower more then expecting,so it means USD is weaker , and US goes up i understand maybe its just for short time,but why ?
- Feb 28, 2012 8:53am
- #15
- Quote
- Scientist
  
  469 posts
- Quoting Minde
  
  i dont fking get it, bad news, USA economy getting slower more then expecting,so it means USD is weaker , and US goes up i understand maybe its just for short time,but why ?
  
  Look at oil and gold, economies tend to be heavily tangled Look at oil and gold, economies tend to be heavily tangled
- Feb 28, 2012 8:53am
- #16
- Quote
- Kis Zoltan
  
  357 posts
- At first interpretation, at first sight.
  But ...means QE and nobody cares that it doesn't working.
  After the CBoard they will buy. At first interpretation, at first sight. But ...means QE and nobody cares that it doesn't working. After the CBoard they will buy.
- Feb 28, 2012 8:54am
- #17
- Quote
- Hareii
  
  191 posts
- Just look at S&P500 and Baltic Dry index side by side and you will see the huge divergence between the two indices. One of them is lying. I leave it to you to decide which one is lying. Just look at S&P500 and Baltic Dry index side by side and you will see the huge divergence between the two indices. One of them is lying. I leave it to you to decide which one is lying.
- Feb 28, 2012 8:55am
- #18
- Quote
- Guest
  
  IP XXX.XXX.189.98
- i think euro go up buy buy buy i think euro go up buy buy buy
- Feb 28, 2012 8:56am
- #19
- Quote
- Juddie18
  
  2 posts
- Quoting eqshack
  
  it means dollar strengthening
  
  How does it mean the dollar strengthening? I thought it was the other way around How does it mean the dollar strengthening? I thought it was the other way around
- Feb 28, 2012 8:58am
- #20
- Quote
- mehboob
  
  173 posts
- This is for short time because there was news before the actual that there is expected a decrease in durable Goods so now crocodiles are liquidating their positions.Important quotation in Financial Market is take position on reamers but liquidate position on actual. This is for short time because there was news before the actual that there is expected a decrease in durable Goods so now crocodiles are liquidating their positions.Important quotation in Financial Market is take position on reamers but liquidate position on actual.
- Feb 28, 2012 8:58am
- #21
- Quote
- Guest
  
  IP XXX.XX.85.162
- You can't think of it as simply as bad data for usa should equal usd. This was a big miss and creates a risk off environment. That means stronger dollar. Look at anytime in history there is political or financial risk and the dollar shines. You can't think of it as simply as bad data for usa should equal usd. This was a big miss and creates a risk off environment. That means stronger dollar. Look at anytime in history there is political or financial risk and the dollar shines.
- Feb 28, 2012 9:00am
- #22
- Quote
- Guest
  
  IP XXX.XX.85.162
- Sorry bad USA data equals weak dollar. Sorry bad USA data equals weak dollar.
- Feb 28, 2012 9:00am
- #23
- Quote
- Bakker
  
  578 posts
- Don't overreact, things will soon be back to normal Don't overreact, things will soon be back to normal
- Feb 28, 2012 9:01am
- #24
- Quote
- Valerka
  
  94 posts
- Show must go on....for today.. Show must go on....for today..
- Feb 28, 2012 9:01am
- #25
- Quote
- Boy Wonder
  
  72 posts
- hmm you never know which way they will play it so why bother, you know that this is bad for stocks and oil and copper so i'd rather be short those than try to guess which way the big boyz will take the US $ on this hmm you never know which way they will play it so why bother, you know that this is bad for stocks and oil and copper so i'd rather be short those than try to guess which way the big boyz will take the US $ on this
- Feb 28, 2012 9:02am
- #26
- Quote
- Boy Wonder
  
  72 posts
- except to say it's not good for aud/usd except to say it's not good for aud/usd
- Feb 28, 2012 9:08am
- #27
- Quote
- mehboob
  
  173 posts
- secret has been revealed now....Keep this equation in mind while taking a position.
  Successful Trade in Normal Market=60% Money Management+10% fundamental+30% Technical
  
  Successful Trade in Abnormal Market=60% Money Management+35% Fundamental+5% Technical secret has been revealed now....Keep this equation in mind while taking a position. Successful Trade in Normal Market=60% Money Management+10% fundamental+30% Technical Successful Trade in Abnormal Market=60% Money Management+35% Fundamental+5% Technical
- Feb 28, 2012 9:09am
- #28
- Quote
- moulayja
  
  15 posts
- EUR/USD UP OR DOWN ? EUR/USD UP OR DOWN ?
- Feb 28, 2012 9:12am
- #29
- Quote
- Guest
  
  IP XXX.XXX.11.11
- It looks like USD is trying to move weak allowing Euro to gain more for the sake of "world economies"
  and exports target. It looks like USD is trying to move weak allowing Euro to gain more for the sake of "world economies" and exports target.
- Feb 28, 2012 9:13am
- #30
- Quote
- Hareii
  
  191 posts
- Quoting moulayja
  
  EUR/USD UP OR DOWN ?
  
  That is not the question. The question is WHEN it will go up and WHEN it will go down. That is not the question. The question is WHEN it will go up and WHEN it will go down.
- Feb 28, 2012 9:13am
- #31
- Quote
- mehboob
  
  173 posts
- Quoting moulayja
  
  So EUR/USD UP or Down ??
  
  I am in Long positions above 1.3375 with targets @ 1.3485 & 1.353 in extension but Below 1.3375 look for further downside with 1.334 & 1.3295 I am in Long positions above 1.3375 with targets @ 1.3485 & 1.353 in extension but Below 1.3375 look for further downside with 1.334 & 1.3295
- Feb 28, 2012 9:17am
- #32
- Quote
- Guest
  
  IP XX.XX.67.13
- Quoting Hareii
  
  That is not the question. The question is WHEN it will go up and WHEN it will go down.
  
  Not when where.... Not when where....
- Feb 28, 2012 9:22am
- #33
- Quote
- ThisPip
  
  821 posts
- Quoting Sergii27
  
  it means also QE
  
  I don't think so, just a few bad durable goods orders numbers sure wont justify any sort of even thinking of Q3, just my 2c. I don't think so, just a few bad durable goods orders numbers sure wont justify any sort of even thinking of Q3, just my 2c.
- Feb 28, 2012 9:27am
- #34
- Quote
- mehboob
  
  173 posts
- Quoting ThisPip
  
  I don't think so, just a few bad durable goods orders numbers sure wont justify any sort of even thinking of Q3, just my 2c.
  
  Agree with you.For Q3 more then 5 times same news can little bit force to management to only think about Q3.Q3 is not very easy because it disturb whole world economy. Agree with you.For Q3 more then 5 times same news can little bit force to management to only think about Q3.Q3 is not very easy because it disturb whole world economy.
- Feb 28, 2012 9:35am
- #35
- Quote
- Hareii
  
  191 posts
- Quoting ThisPip
  
  I don't think so, just a few bad durable goods orders numbers sure wont justify any sort of even thinking of Q3, just my 2c.
  
  QE is not just a economic consideration. It is as much a political tool for the political master. You have to factor in the political power play between the white house and the republicans as well as the temporal proximity to the next politically significant event, possibly the presidential election.
  
  For FED to push for QE3, they have to seek justification/excuse to justify their dual mandates, namely price stability and employment.
  
  I do agree with you that QE3 is not highly likely in current environment, not unless NFP takes another significant leg down, and/or deflation risk became imminent, and/or republicans conceded the presidential election to the incumbent, I reckon. QE is not just a economic consideration. It is as much a political tool for the political master. You have to factor in the political power play between the white house and the republicans as well as the temporal proximity to the next politically significant event, possibly the presidential election. For FED to push for QE3, they have to seek justification/excuse to justify their dual mandates, namely price stability and employment. I do agree with you that QE3 is not highly likely in current environment, not unless NFP takes another significant leg down, and/or deflation risk became imminent, and/or republicans conceded the presidential election to the incumbent, I reckon.
- Feb 28, 2012 9:44am
- #36
- Quote
- eqshack
  
  1,003 posts
- Quoting eqshack
  
  but it wont take it down..not today.. USD will go up
  im short eurusd,gbpusd,audusd from top
  long usdchf from bottom
  
  over 90 pips profit already..nice over 90 pips profit already..nice
- Guest
  
  IP XX.XX.252.150
- Change Code
  
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Story Stats

Posted: Feb 28, 2012 8:33am

Submitted by: FF News

Category: High Impact Breaking News
2,927 Views
36 Comments

mehboob(2)(3)(4)(5)...(7), eqshack(2)(3), Guest, Boy Wonder(2)(3), Sergii27, Guest, Kis Zoltan(2), Scientist(2), moulayja(2)(3), Minde, Hareii(2)(3), Guest, Juddie18, Guest(2), Bakker, Valerka, Guest, Guest, ThisPip

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Durable Goods Orders in U.S. Slump 4%, Most in Three Years