June 2015 Durable goods orders 3.4% vs 3.0% exp m/m

Details from the June 2015 Durable goods orders data report 27 July 2015

• Prior -2.2%. Revised to -2.1%
• Non def cap goods orders ex air 0.9% vs 0.5% exp. -0.4% prior
• Durables ex-transport 0.8% vs 0.5% exp m/m. Prior 0.0%. Revised to -0.1%

Better than expected but the dollar isn't getting excited by the number. That's a worrying sign as it's moved much more on less numbers than these. USDJPY sits at 123.16

There's some good reasons to be bullish this report.

Durable goods details

The headline number was expected higher due to aircraft orders but some of the underlying components have picked up too. We may just be seeing the effect of the market wanting to see a bit more from the report after 2 months of falls

US durable goods orders