{"id":15943,"date":"2024-07-26T06:59:33","date_gmt":"2024-07-26T05:59:33","guid":{"rendered":"https:\/\/cambridgecurrencies.com\/?p=15943"},"modified":"2025-02-07T00:14:39","modified_gmt":"2025-02-07T00:14:39","slug":"us-durable-goods-drop-sharply-gdp-growth-exceeds-expectations","status":"publish","type":"post","link":"https:\/\/cambridgecurrencies.com\/us-durable-goods-drop-sharply-gdp-growth-exceeds-expectations\/","title":{"rendered":"US Economic Update: Durable Goods and GDP Insights"},"content":{"rendered":"\n
\n
<\/div>\n\n\n\n
\n

US Economic Update: Durable Goods and GDP Insights<\/h1>\n\n\n\n

Yesterday’s Data in Brief:<\/h4>\n\n\n\n

US Durable Goods Orders MoM for June: Actual was a surprising drop of 6.6% against the expected 0.1%. As this comes out, it indicates a slow-down in manufacturing activity.<\/p>\n\n\n\n

US GDP Growth Rate QoQ Adv Q2: Economy grew 2.8%, better than the forecast of 1.4% and higher than the previous quarter’s 2% growth, hence a better-than-anticipated economic performance.<\/p>\n\n\n\n

Today’s Key Economic Data:<\/strong><\/h4>\n\n\n\n
    \n
  • 08:30 AM:<\/strong> US Core PCE Price Index MoM (June)<\/li>\n\n\n\n
  • 10:00 AM:<\/strong> US Pending Home Sales MoM (June)<\/li>\n<\/ul>\n\n\n\n

    Major Currency Pairs<\/h4>\n\n\n

    Live Rate [exchange-rates_badge color=”#003E80EB” amount=”1″ base_currency=”EUR” flag_type=”rectangular” decimals=”4″ base_show=”on” code=”on” symbol=”on” after=”on” id=”1714229471″ currency_list=”USD”]<\/p>\n\n\n\n

    EUR\/USD:<\/p>\n\n\n\n

      \n
    • The euro has slightly eased against the dollar, following the release of weaker-than-anticipated Eurozone economic data. Traders are cautious ahead of the ECB’s upcoming meeting.<\/li>\n<\/ul>\n\n\n

      Live Rate [exchange-rates_badge color=”#003E80EB” amount=”1″ base_currency=”GBP” flag_type=”rectangular” decimals=”4″ base_show=”on” code=”on” symbol=”on” after=”on” id=”1714229471″ currency_list=”USD”]<\/p>\n\n\n\n

      GBP\/USD:<\/p>\n\n\n\n

        \n
      • The pound kept steady despite mixed signals from UK economic indicators. Investors are cautious over the next move by the Bank of England amid surging concerns over inflation.<\/li>\n<\/ul>\n\n\n

        Live Rate [exchange-rates_badge color=”#003E80EB” amount=”1″ base_currency=”USD” flag_type=”rectangular” decimals=”4″ base_show=”on” code=”on” symbol=”on” after=”on” id=”1714229471″ currency_list=”JPY”]<\/p>\n\n\n\n

        USD\/JPY:<\/strong><\/p>\n\n\n\n

          \n
        • The dollar gained against the yen, supported by strong US GDP data. This pair remains sensitive to changes in US economic indicators and upcoming Fed policies.<\/li>\n<\/ul>\n\n\n\n

          Commodities:<\/h4>\n\n\n\n

          Oil: The oil price does not change much; Brent crude trades at about $74 per barrel. Participants are awaiting the decisions from OPEC+ and some disturbance in supplies.<\/p>\n\n\n\n

          Gold prices edged lower and stayed near $1,950 per ounce. The stronger-than-expected US GDP data would further strengthen the dollar and with that, pressure on gold\u2014a so-called safe-haven asset\u2014would increase.<\/p>\n\n\n\n

          Political and Economic News:<\/h4>\n\n\n\n

          US-China Relations:<\/strong> Tensions remain high as trade negotiations continue with no significant breakthroughs.<\/p>\n\n\n\n

          Global Inflation:<\/strong> Concerns persist as inflation rates stay elevated in major economies, prompting central banks to consider further tightening measures.<\/p>\n<\/div>\n\n\n\n

          <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

          US Economic Update: Durable Goods and GDP Insights Yesterday’s Data in Brief: US Durable Goods Orders MoM for June: Actual was a surprising drop of 6.6% against the expected 0.1%. As this comes out, it indicates a slow-down in manufacturing activity. US GDP Growth Rate QoQ Adv Q2: Economy grew 2.8%, better than the forecast […]<\/p>\n","protected":false},"author":244711593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[97],"tags":[50518925,50518837,50519012,50518833,50518940,50518814,50518924,50518954,50518921,50519007,50519005,50518931,50519010,50518884,50518823,50519013,50518994,50518962,50519011,50518918,50518939,50518901,50519009,50518993,50519008,50519014,50518664,50518597,50518593,50518733,50518697,50518728,50518634,50518604,50518721],"class_list":["post-15943","post","type-post","status-publish","format-standard","hentry","category-market-insight","tag-currencytrading-2","tag-economicdata-2","tag-economicperformance","tag-economicupdate","tag-eurusd","tag-financialnews-2","tag-forex-2","tag-germanyeconomy","tag-globalmarkets-2","tag-highimpactdata","tag-ifoindex","tag-investing-2","tag-manufacturingactivity","tag-marketmovers","tag-markettrends-2","tag-pendinghomesales","tag-stockmarket","tag-trading-2","tag-uscorepce","tag-usd-2","tag-usdata-2","tag-usdjpy","tag-usdurablegoods-2","tag-useconomy","tag-usgdp-2","tag-usmarket","tag-financialnews","tag-forex","tag-gbpusd","tag-gdpgrowth","tag-globalmarkets","tag-investing","tag-markettrends","tag-trading","tag-usd"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pfpkhv-499","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/15943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/users\/244711593"}],"replies":[{"embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/comments?post=15943"}],"version-history":[{"count":4,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/15943\/revisions"}],"predecessor-version":[{"id":28290,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/posts\/15943\/revisions\/28290"}],"wp:attachment":[{"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/media?parent=15943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/categories?post=15943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cambridgecurrencies.com\/wp-json\/wp\/v2\/tags?post=15943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}