Durable goods and credit will change the history

Date: May 18, 2015 Posted by: todorbb In: Uncategorized

Orders for durable goods fell by 0.5% in April, coinciding with analysts’ expectations, and those without transport sector rose by 0.5%. Orders for capital goods (means of production), which are considered an indicator of business investment, rose by 1%, marking the second consecutive month of growth. Sales of core capital goods increased by 0.8% in April. They are used to determine trends in economic growth. The dollar was supported after the report and the EUR / USD pair dropped to its daily lows, while gold continued to depreciate.

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