April Prelim US Sturdy Items Orders ReportApril prelim sturdy items orders -1.3% vs +0.8% anticipatedMarch sturdy items orders have been +1.0%Core
April Prelim US Sturdy Items Orders Report
- April prelim sturdy items orders -1.3% vs +0.8% anticipated
- March sturdy items orders have been +1.0%
- Core orders excluding transportation +1.0% vs +0.7% anticipated
- Prior ex transportation +2.3%
- Capital items orders non-defense ex-air +2.3% vs +1.0% anticipated
- Prior capital items orders non-defense ex-air +1.0% (revised to +1.6%)
- Capital items shipments non-defense ex-air +0.9vs +0.8% anticipated
- Prior capital items shipments non-defense ex-air +1.3%
Ignore the headline, core orders have been robust and capital orders even stronger. The USD has been buying and selling the FED rhetoric, however with the information enhancing the FED will likely be pressured to just accept actuality, which would be the time the USD will begin a bullish section.