Trading the News: U.S. Durable Goods Orders

Why Is This Event Important:

Fading demands for U.S. durable goods are likely to reinforce a weakened outlook for future growth as private consumption accounts for more than two-thirds of the economy, and the data could weigh on the dollar as investors weigh the prospects for a sustainable recovery. However, as market sentiment continues to dictate price action in the currency market, a rise in risk aversion could spur a bullish...

Talking Points

* Japanese Yen: Benefits From Risk Aversion
* Pound: BoE Sees “Substantial Headwinds”
* Euro: Manufacturing, Services Slows More-Than-Expected
* U.S. Dollar: Existing Home Sales, Leading Indicator on Tap

Dismal data coming out of the Euro-Zone pushed the single-currency to a low of 1.3311 during the overnight trade, and the exchange rate may continue to push lower throughout the day as investors scale back their appetite...

BoE Stands Ready to Respond in Either Direction as the Balance of Risks Evolved





Fundamental Headlines

• Spains’ Zapatero Says Debt Crisis Is Over – Wall Street Journal

• Gold,...

Canadian Consumer Prices Unexpectedly Slows to 1.7 Percent in August





Fundamental Headlines

• Stimulus Plan Bogged Down in Bureaucracy – Wall Street Journal...

Dollar Turns to FOMC Meeting to Confirm or Counter New Bear Trend

Euro Failure at 1.3150 Warns Sentiment May Have Hit Extreme

Japanese Yen: Will The Intervention by the Bank of Japan Work?

British Pound Lull to Persist on Flat Rates Outlook, Risk Decoupling

Canadian Dollar May Be Weighed By Dimming Yield Expectations

Australian Dollar: Will RBA Rhetoric Pave The Way For Parity?

New Zealand Dollar Traders Keep...