Economic Events for Thursday, July 27th, 2017: Core Durable Goods Orders from the U.S. due today

The news starts kicking in with Germany, from the early hours of the day. We also have the major market moving Durable Goods Orders from the United States, and last but not least is Initial Jobless Claims, again from the U.S.


EUR 07:00 a.m. GMT +1 GfK German Consumer Climate – the index measures how consumers view the economic activity and their confidence in future economic conditions.  The data surveys 2,000 consumers and the actual result reflects on the value of the euro. Analyst expectations are for no change- they project the index to remain at 10.6, same as last time. If the actual reading shows an increase in confidence, this should be ready as a bullish sign for the common Euro Zone currency. If, however, confidence has dropped significantly, this could send the euro lower.

United States

USD, 13:30 p.m. Core Durable Goods Orders (MoM) (Jun) – market analysts foresee an increase at 0.4% for the month of June vs. 0.3% in May. The number has high impact on the valuation of the dollar.  It represents orders made for long-lasting manufactured goods, but importantly it is stripped from items such as aircrafts that could skew the number. An actual reading showing an increase in orders, should be taken as a bullish sign for the U.S. dollar. And, conversely, if the number comes out a lot lower – this should weaken the currency.

USD 13:30 p.m. Initial Jobless Claims – projections are for an increase in the number of people who filed for unemployment  insurance for the first time during the past week. Expectations are for 240, 000 individuals having filed vs.  233, 000 for the previous period. If  the actual reading shows a higher than expected number, this should be seen as having a negative impact on the dollar, as it shows that more people were unemployed. On the other hand, if the number is a lot lower, this should be a boosting sign for the dollar.


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