Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Fresh release for the US dollar
Information is not investment advice
What will happen?
The United States will publish durable goods orders on May 27, at 15:30 MT time. This is an indicator of industrial activity, that shows how many long-lasting manufacturing goods (durable goods) are ordered from domestic manufacturers. Businesses and consumers generally buy durable goods when they are confident the economy is improving. This way, a rise in indicator’s figures pushes the American currency higher.
How to trade on the Durable Goods Orders?
Check the economic calendar for analysts’ forecasts. Before the release, wait for the actual figures to be published.
- If the actual figures outperform expectations, the USD will rise.
- In case of an alternative scenario, the US dollar will fall.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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