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U.S. Session Recap

  • U.S. headline durable goods orders down by 2.0%, core figure shows 0.1% decline
  • U.S. initial jobless claims at 316K vs. 331K estimate
  • Chicago PMI down from 65.9 to 63.0, higher than 60.6 consensus
  • UoM consumer sentiment revised up from 72.0 to 75.1
  • New Zealand ANZ business confidence improved from 53.2 to 60.5
  • Australia quarterly private capital expenditure up by 3.6%

Mixed data from the U.S. economy forced the Greenback to retreat against most of its currency counterparts at the start of the New York trading session, as the durable goods orders figures fell short of expectations and Chicago PMI showed a decline. The good news though was that the initial jobless claims figure was better than expected while the UoM consumer sentiment figure was revised to show stronger optimism.

The Greenback was quick to bounce back later on, as traders took the recent selloff as an opportunity to buy the dollar at better prices. USD/JPY surged past the 102.00 mark while AUD/USD fell deeper below the .9100 handle.

A few moments ago, New Zealand reported an improvement in its ANZ business confidence figure from 53.2 to 60.5 while Australia printed a surprise 3.6% jump in private capital expenditure. Analysts were expecting to see a 1.1% decline for the quarter, although the previous figure was revised considerably lower from 4.0% to 1.6%. There are no other major reports lined up for the rest of the Asian trading session so watch out for changes in market sentiment if you have any trades open.

See also:

London Session Recap

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