Forex Consulting

Atlanta Fed GDPNow Q4: 3.4%

No change in forecast The Atlanta Fed GDP tracker continues to see growth this quarter at 3.4% after today’s data. “After this morning’s advance durable manufacturing report from the U.S. Census Bureau, the forecast of real nonresidential equipment investment growth inched up from 14.1 percent to 14.2 percent and the forecast of the contribution of…

Forex Consulting

US stocks mixed/little changed at the opening

The 3 major indices closes at records yesterday. Yields moving lower. Gold and oil (commodities) up. The dollar is down.  The major indices are opening mixed. Remember the major indices all closed at record levels yesterday. So any positive numbers will be once again record closes today. Copyright 2015 Forexlive.com

Forex Consulting

October US durable goods orders -1.2% vs +0.3% expected

Prelim durable goods orders data for October – was +2.0% (revised to +2.2%) – Ex transportation +0.4% vs +0.5% expected – Prior ex-transportation +0.7% (revised to +1.1%) These are some weak numbers. The revisions hardly dampen a big miss in durable goods orders but in core orders, the +0.4 revision helps to balance out a 1.0…