Previous Trading Days Events 26.08.2024

US Durable Goods Orders A 9.9 surge in July 2024 flipped the prior months 6.9 dip, the strongest bounce since May 2020, outpacing the 5 forecast. Transportation goods powered the rebound 4.8, 102.2B, but orders excluding them edged down 0.2, 187.4B. Metal products ticked up 0.2, 36.3B alongside defence aircraft 12.9, 5.5B. Conversely, computers 0.7, 24.9B and primary metals 0.9, 24.5B dropped. Exdefence, orders jumped 10.4.

Dallas Fed Manufacturing Index August 2024 improved to 9.7 from 17.5. Production rebounded 1.6 vs 1.3, orders improved 4.2 vs 12.8, capacity usage rose 2.5 vs 10, and shipments broke even 0.8 vs 16.3. Wages climbed 22 vs 21.2, and employment stagnated 0.7 vs 7.1. Input costs accelerated 28.2 vs 23.1, pushing prices higher 8.5 vs 3.4.

Winners Vs Losers In The Forex Market

On August 26th, 2024, CADJPY led the market with a 0.32 gain, advancing 33.7 pips, while NZDCAD lagged as the biggest loser, dropping 0.53 and shedding 44.3 pips.

News Reports Monitor Previous Trading Day 26.08.2024

Server Time Timezone EEST UTC 0300

Tokyo Session No Significant News 

London Session No Significant News 

New York Session

US Durable Goods Orders Bearish USD at 1230 pm GMT as Durable Goods Orders rose 9.9, exceeding forecasts.

Dallas Fed Manufacturing Index Bearish USD persists despite the Dallas Fed Index improving to 9.7 but remaining negative.

General Verdict 

Bearish sentiment dominates USD postdata…