Durable goods rose by a whopping 4.9% in July and rose by an as expected 0.8% excluding transport. Last month’s report has also been revised higher. Interesting reaction again in Stocks with the slightest rise on the news being sold into very quickly, almost the same reaction in Eur/Usd.
Hearing some Sovereign names are hanging around the 1.4250 area, but a break of that level opens the way for a test of 1.4200.