The Fundamental FOREX Blog

On Thursday, 06-24-10 at 8:30 AM ET, the Census Bureau will release the monthly reports USD Core Durable Goods Orders MoM and USD Durable Goods Orders MoM.

The Durable Goods Orders are release by the Census Bureau

Also, the USD – Unemployment Claims will be released by Department of Labor

My last “follow up” post concerning these USD reports was on Thursday, 06-03-10, click here for a review.

Here is how the reports for this month are set up:

USD – Core Durable Goods Orders m/m – Stats

Previous = -1.1%

Forecast = 1.1%

Here is how I am set up for tomorrow:

USD-8-30AM-ET-06-24-10
Looking for a 1.5% difference
Actual > Forecast = Good for USD
USD Core Durable Goods Orders m/m
——actual——–forecast——–previous
______________1.1%________-1.1%
out at -0.4% or lower – SELL USD/JPY
out at 2.6% or higher – BUY USD/JPY
USD Unemployment Claims
461K                  472K
USD Durable Goods Orders m/m
-1.2%                  2.8%

It appears that the economists believe that durable goods orders will show a decrease over last month, but the core durable goods orders will increase.

The Core Durable Goods Orders appear to have the greatest impact on the currency market, but if they both do not come out moving in the same direction, either positive or negative, there can be a conflict, who knows what may happen then.

I did post a “follow up” report of the results, click here to see what happened.

The next scheduled release of these two reports on Wednesday, 07-28-10 at 8:30 AM ET.

Stay tuned!