Trends have a higher probability of continuing than not.
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US: Factory Orders rise by 1.5% in June vs. 1% expected
Factory Orders in the US continued to rise in June. US Dollar Index pared early gains, stays flat above 92.00. New orders for manufactured goods, Factory Orders, in the US rose by $7.4 billion, or 1.5%, to $506 billion in June, the data published by the US Census Bureau showed on Tuesday. This reading followed May's expansion of 2.3% and came in better than the market expectation for an increase of 1%. "Shipments, also up thirteen of the last fourteen months, increased $7.6 billion, or 1.6%, to $499.0 billion," the publication further read. "Unfilled orders, up five consecutive months, increased $11.5 billion, or ... (full story)