Article Highlights

  • 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
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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.

See also:

London Session Recap

Bonnie and Clyde, peanut butter and jelly, Justin Bieber and his hair. Some things just go well together.

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Head on to Big Pippin’s Daily Chart Art for some pip-locking technical setups!