US January durable goods orders +3.1% vs +2.0% expected

  • Prior was -2.2% (revised to -1.8%)
  • Nondefense capital goods orders ex-air +0.8% vs +0.3% expected
  • Prior nondefense capital goods orders ex-air +0.5% (revised to +0.2%)
  • Ex transport +0.0% vs +0.3% expected
  • Ex defense +3.5% vs -2.4% prior (revised to -1.8%)

This is a good report but it’s drowned out by the weakening in the initial jobless claims report.

This article was written by Adam Button at www.forexlive.com.