FxPro Market Review: U.S. Durable Goods Orders Decline

U.S. durable goods orders fell by 0.3% followed by a decline of 6.1%. The Futures trading platformtotal order cost in January was the lowest since September 2022, despite significant fluctuations in recent months due to transportation orders. This was worse than the average forecast of a 4.9% decrease.

FxPro Senior Analyst Alex Kuptsikevich noted: Excluding transportation, new orders slightly decreased by 0.3%, marking the smallest decrease since July 2023. The average forecast was a 0.2% increase, but the figure remained flat, with only a 2.2% increase over two years.

This stagnation stands in stark contrast to the tight labor market and the stock market reaching all-time highs. However, considering these as early signs of a recession is too hasty. For example, overall and core indexes have been contracting since the last quarter of 2018, but only the sharp decline following the first pandemic lockdown triggered a recession.

The report tempered the weakening of the U.S. dollar, with the dollar rising by 0.1%, and the Nasdaq 100 index briefly fell by 0.2%, as the new report did not raise expectations for U.S. economic expansion.

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.