Two macro reports for the US economy were released today at 15:00 BST – the JOTLS report for February and the factory orders data for February. The factory orders report also included a review of durable goods orders data for February. The market expected the JOTLS report to show lower values than in January, while factor orders were seen recovering after the January drop.
The actual report showed factory orders that were higher than expected, as well as durable goods orders that were revised down slightly. The JOLTS data came more or less in line with market expectations. The USD fell after the release, with USDJPY testing the 151.50 support zone.
US, JOLTS job openings report for February: 8756k vs 8740k expected (8863k previously)
US, factory orders data for February.
- Factory orders: 1.4% MoM vs 1.0% MoM expected (-3.6% MoM previously)
- Core factory orders: 1.1% MoM vs 0.5% MoM expected (-0.8% MoM previously)
- Durable goods orders (final): 1.3% MoM vs 1.4% MoM in the first release
- Durable goods orders (final): 0.3% MoM vs 0.5% MoM in first release
Source: xStation5
This material is a marketing communication within the meaning of Article 24(3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information that recommends or suggests an investment strategy within the meaning of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repeal of Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and the Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No. 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for technical provisions for the objective presentation of recommendations for investment, or other information, recommendation or suggestion of an investment strategy and for the disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment consultancy, in accordance with the Securities Code, approved by the Decree-Law no. 486/99, of 13 November. The marketing communication is prepared with the utmost diligence, objectivity, presents the facts known to the author at the date of preparation and is devoid of any elements of evaluation. Marketing communication is prepared without considering the customer’s needs, their individual financial situation and does not present any investment strategy in any way. Marketing communication does not constitute an offer or offer to sell, subscribe, invite to purchase, advertise or promote any financial instrument. XTB, SA – Sucursal em Portugal is not responsible for any actions or omissions of the client, in particular for the acquisition or sale of financial instruments. XTB will not accept responsibility for any loss or damage, including, without limitation, any loss that may arise directly or indirectly based on the information contained in this commercial communication. If the marketing communication contains information about any results relating to the financial instruments indicated therein, these do not constitute any guarantee or prediction of future results. Past performance is not necessarily indicative of future results, and anyone acting on this information does so entirely at their own risk.
