Hi,
I am trying to understand the market and today it was Nondefense Capital Goods Orders ex Aircraft numbers for march. I read that it could be significant for the USD and the numbers seemed positive. I would then believe that the Dollar would strengthen, but for me it seems to go the other way. Can someone please explain ?
I’m in the same bucket as you. Will be following this for a reply.
I dont think that Nondefence Capital Goods Orders are important for USD at all. Markets dont watch too much at these numbers. What you should look at are basic macroeconomic indicators like GDP, inflation, employment. It is better to start with them in order to understand better market moves