US Durables Order Data Overview
The US durable goods orders report for July is set to be published today at 12:30 GMT. Analysts expect to see a decline in new orders—around 4%—which is a noticeable drop from June’s 9.3% increase.
This data reflects the value of orders placed with manufacturers producing long-lasting goods. Variations in labor and material costs can influence these figures. Generally, rising costs for such products may lead to inflationary pressures, prompting the Federal Reserve to adopt a more aggressive stance on interest rates. Conversely, falling costs might signal reduced price inflation, potentially complicating the Fed’s monetary policy decisions.
How can U.S. Durable Product Order Data affect EUR/USD?
On the daily charts, EUR/USD is maneuvering near its downward trendline around 1.1830, trading about 1.1740, which follows the highs from July. The major currency pairs are nearing the 20-day exponential moving average, currently situated around 1.1644, hinting at a sideways trend.
The 14-day relative strength index (RSI) is oscillating between 40.00 and 60.00, indicating some uncertainty among investors about direction.
If the pair manages to break through the July highs at 1.1830 and surpass the recent high of 1.1740, we might see it move towards the key resistance at 1.1900.
On the downside, if the pair falls below last Friday’s low of 1.1583, it could be vulnerable to deeper losses, potentially reaching the 1.1528 mark from August 5 and even 1.1392 recorded on August 1.
Economic indicators
Durable product orders
Durable product orders refer to the value of orders placed for items that are built to last over three years, such as vehicles and appliances. These large-ticket items are sensitive to the overall economic environment in the US. Strong performance in this area usually supports a bullish outlook for the US dollar.
Next release:
August 26th, 2025 12:30
Frequency:
Monthly
Consensus:
-4%
Previous:
-9.3%
