US Durable Goods Order Data Overview
The US Durable Goods order data is set to be released today at 12:30 GMT. The Census Bureau is anticipated to report a third consecutive decline in new orders for durable goods. However, this drop is expected to be moderate at 0.5%, a decrease from the larger 2.8% contraction observed in July. This data reflects the value of orders received by manufacturers of long-lasting goods.
Durable product prices are influenced by fluctuations in labor and raw material costs. If the costs of discretionary items rise, it could spur inflation, potentially pushing the Federal Reserve towards a more hawkish stance on interest rates. On the flip side, if durable goods prices are falling, it might indicate easing inflationary pressures, which could complicate the Fed’s policy decisions.
Impact of US Durable Goods Order Data on EUR/USD
Currently, EUR/USD is trading cautiously around the 1.1750 mark during the European session. After a brief recovery to about 1.1820, the pair is now experiencing some downward pressure as the US dollar remains strong following last week’s policy announcements.
The EUR/USD trading near its 20-day exponential moving average at around 1.1744 suggests some uncertainty regarding short-term trends.
The 14-day relative strength index (RSI) is hovering between 40.00 and 60.00, indicating a sideways movement.
If EUR/USD manages to break above the four-year high near 1.1920, it could rally toward the key psychological level of 1.2000. Conversely, a significant drop below 1.1700 could bring it closer to the 1.1600 support level established in September.
Upcoming Economic Indicators
Durable Goods Orders
Durable goods orders are a measure of the cost associated with purchasing items expected to last longer than three years, like cars and appliances. These products often represent substantial investments, making them sensitive to economic conditions in the US. Generally, higher figures in this report are seen as positive signs for the USD.
Next Release:
September 25th, 2025, 12:30
Frequency:
Monthly
Consensus:
-0.5%
Previous:
-2.8%
