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25 Jun 2013
GBP/USD is lower on US data
FXstreet.com (Barcelona) - GBP/USD moved down on better than expected Durable Goods Orders.
Durable Goods Orders (May) came in at 3.6% vrs consensus 1.8% and previous 3.5% Durable Goods Orders ex Transportation (May) came in at 0.7% vrs consensus 0.1% and previous 1.5%. And coming up shortly we have the Redbook index (YoY) (Jun 16) and Redbook index (MoM) (Jun 16) at 12.45GMT. Then we have Housing Price Index (MoM) (May) 1300GMT.
And finally we have both Consumer Confidence (Jun) and New Home Sales (MoM) (May) at 1400GMT. GBP/USD resuming lower levels. The stability of the pair will count below linier regression indicators moving ahead into the week, targeting 1.5425, 1.5380 then 1.5290.
Durable Goods Orders (May) came in at 3.6% vrs consensus 1.8% and previous 3.5% Durable Goods Orders ex Transportation (May) came in at 0.7% vrs consensus 0.1% and previous 1.5%. And coming up shortly we have the Redbook index (YoY) (Jun 16) and Redbook index (MoM) (Jun 16) at 12.45GMT. Then we have Housing Price Index (MoM) (May) 1300GMT.
And finally we have both Consumer Confidence (Jun) and New Home Sales (MoM) (May) at 1400GMT. GBP/USD resuming lower levels. The stability of the pair will count below linier regression indicators moving ahead into the week, targeting 1.5425, 1.5380 then 1.5290.