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25 Sep 2015
US data generating mixed signals – Rabobank
FXStreet (Delhi) – Research Team at Rabobank, note that as always, the durable goods orders had something in store for both bulls and bears.
Key Quotes
“The 2.0% MoM decline in headline orders was a tad better than expected, but this was only because the drop in transportation equipment was smaller than anticipated.”
“Excluding that, core orders were unchanged in August and this was somewhat of a disappointment. However, this in turn was mostly due to a decline in defence orders – which typically says little about business investment.”
Key Quotes
“The 2.0% MoM decline in headline orders was a tad better than expected, but this was only because the drop in transportation equipment was smaller than anticipated.”
“Excluding that, core orders were unchanged in August and this was somewhat of a disappointment. However, this in turn was mostly due to a decline in defence orders – which typically says little about business investment.”