Durable goods orders rise more than expected in October

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The report of durable goods orders it showed better than expected figures in most indicators. The general index for durable goods orders rose 1.9% in September, above the market consensus of 0.5%. In August they had risen 0.4%.

The Orders without taking into account the defense item jumped 3.4% exceeding the expected 0.5%, while without taking transport into account, they advanced 0.8% (against 0.4%).

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The dollar he was not affected by the report. Later on Tuesday, the FHFA and Case Shiller Home Price Index reports will be released, as well as the Richmond Fed Manufacturing Activity Report and the Consumer Confidence Report.

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Credits: Forex Street

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