US Durable Goods September 2013

Another report plenty of traders will look forward to is durable goods on Friday as it will influence the USD at least temporarily. Forecasts call for a healthy 2.0% increase and we may get a good number which could be the last somewhat solid reading for this year.

I think the data will allow the USD to rally for a few sessions. I will look to sell it after a brief correction. Look out for key support levels on all major USD crosses where the USD is the quote currency as I recommend buying the dips.

Yep, definitely watching this one! I’m also waiting for a little more volatility for the major pairs (possibly a breakout on USD/CHF or USD/JPY?) or bigger corrections for the pairs I wanna buy, like NZD/USD or AUD/USD. Let’s see how it goes!

Do the US dollar will rally for next future??

That depends on who you talk to and what your take on it is. It is best to arrive an answer on your own.