Ichimoku indicator analysis of USDX for August 25, 2017

Forex analysis review
Ichimoku indicator analysis of USDX for August 25, 2017

Burning outlook: orders for durable goods 2:30 PM London Time

Burning forecast: orders for durable goods 2:30 P.M .London Time

New orders: Forecast is -5.8% (minus). Previously + 6.5% (month to month).

New orders will rise + 16% (year-on-year).

New orders excluding automobiles + 6.8% (year-on-year).

Capital goods + 5.6% (compared with the previous year).

We see in this indicator a strong growth in the US economy - a huge +16% increase in orders. However, for the most part, the orders are for Boeing airplanes (amid the airline boom in the world) - and without them growth will only be at + 6.8% - but it is still a huge figure.

The growth of capital goods is also impressive , + 5.6% for the year.

On the reaction of the market:

The growth of US indices can be expected.

As for the foreign exchange market: the data requires the strengthening of the US dollar and, perhaps, it will. However, the market's attention is focused on the speech of ECB head Draghi today at a meeting of the heads of the Central Bank in Jackson Hole, and this can cause the market to ignore the data.

The material has been provided by InstaForex Company - www.instaforex.com