Durable Goods Orders in U.S. Decrease for Second Straight Month

It's not. As far as Forex is concerned, it just causes a minor pullback, or acceleration in some pairs, but not much to speak of, then the trend continues on it's merry way. Some use small, insignificant bits of news like this to get into or out of a position, but that only pertains to market makers who need some "book cleaning". The average retail trader just goes along for the short ride, then it's over. There are too many factors involving durable goods to really take any numbers seriously. It is in no way a reflection of major conditions in any economy. This time of year, it could easily be that people are just saving their money for the holiday seasons ahead.

Happy Trading.

LOL wow USD you so sensitive to bearishness!

ooooops

Their priming us for no taper, remember , you can't taper a Ponzi scheme !!

Such a dovish news for their economy!

Since You and I gone LONG USD

Are you serious?

OMG...the market now bursts..

short squeeze??

expecting more red numbers from US economy

Just in time when QE ends we get all these bad reports

Prepare to taper the taper and later increase much much more QE until hyperinflation.

These are mere fluctuants (news and releases) - the structure is unchanged. The USD is still in an uprising longer-term but prior to last week risk was in a correction up and the USD in a correction down. By last week we saw a correction within that correction with the USD turning up and risk turning down - so this week we should expect things to be firmed. The USD will make a lower high and risk will make a higher low post FOMC. Then the primary corrective play interrupted over these two weeks will resume. It is pretty simple ------------> USD/JPY for instance will begin the long climb down to 88 and Gold on the other hand the long climb up to 1667.77.

This does not change the fact that all of these moves still reflect the fact that the USD is in an uprising long-term and indeed assures the health of that trend. But these cyclic corrections are needed to sustain the overall trend so we now sell the USD and buy risk (so called risk on). Which is just fine for traders since we merely switch directions and lose nothing and everyone is happy. Lets also not forget that from a fundamental perspective a USD rise too far too fast will merely blow things up for the economy so it becomes a necessity for the health of the US economy that we have the correction now. The market (which is of course very efficient knows all this and is acting accordingly based on a volatility structure that contains the entire footprint of what is right when).

Happy trading to all

The Crow (-_-)

BTW: Lets not forget all of this excitement will start after the USD makes its lower high and risk higher low (if not then my timing is off but that would be rare). Also some may wonder how I could know so much in advance - well it is really simple I read the market carefully following the chaotic path of price closely by using chaotic maps of business (aka chaotic vectors to derive the signed ROC of the USD on the one hand and risk on the other and the rest is simple). Its a kind of "technical" analysis if you like - called chaotic analysis given it is based on chaos math and fractal geometry.

Since when durable goods became such an important news???????

My mom just bought truck load of canned food, batteries, bathroom supplies, cereals from the supermarket today. This news is misleading

Why bad news for US economy come at the end of QE?
It was the same at the end of QE2 during summer 2011 before the financial crisis and before the Europe attack

Do you hear that, Mr. Anderson? That is the sound of inevitability

If qe ends then wat would probably happen to usd?? Any lesson??

Unless the ECB gets its act together to stimulate demand, the whole western economy will stay in the doldrums

End of day the taper will finish the QE and no more money printing, usd is going up for sure. Gold is going down, personally I will buy Gold when it hits 1100 to 1000

Don't get too excited over Durable Goods, btw I just bought a new Fridge and installed a new sprinkler on my backyard. The real deal is the FOMC news. Miss Yellen here we come!