- US durable goods orders at -4.3% vs. 1.8% expected
- US core durable goods at -1.6% vs. 0.5% expected
- US S&P home price index as expected at 13.7%
- Richmond manufacturing index misses at 12 vs. 13 reading
- US CB consumer confidence at 80.7 vs. 78.3 expected and 77.5 previous
As I mentioned in my London Session Recap, the Greenback started the U.S. session on the red side of the charts thanks to a weak durable goods report. However, the currency was able to gain back some pips after a consumer confidence report gave catalyst to those who took profits ahead of today’s FOMC statement.
By the end of the session EUR/USD and GBP/USD were sitting just above their session open prices while USD/JPY and USD/CHF showed a bit of USD strength. The comdolls also gave up pips to the dollar as AUD/USD and NZD/USD dropped by 30 pips while USD/CAD reached a new 2014 high at 1.1178.
We don’t have a lot on the docket this session with Australia’s MI leading index report already out with a 0.1% gain compared to last month’s 0.1% decline. President Obama’s State of the Union Address is the only other report on schedule until Switzerland’s UBS consumption indicator at 7:00 am GMT is printed so keep a close eye on Nikkei and the Asian markets and see if there’s volatility in pre-FOMC statement trades.
Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.
Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!