The Forex Capsule captures daily changes and the fundamental factors that are behind them. Inside, you will find economic releases from around the world, weekly charts, as well as analysis and expert commentaries. Each week’s data is “encapsulated” into easy to access archives designed for analyzing past market behavior.
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The dollar traded mixed Wednesday after US durable-goods orders unexpectedly advanced in July and oil
prices rose for a third day as Tropical Storm Gustav is moving toward production platforms in the Gulf of
Mexico. The yen was little changed despite higher US stock prices. The euro rose on hawkish ECB
comments. Sterling continued its decline following yesterday's important break of support at the 1.85-handle.
The Canadian and Australian dollars were little changed.
...
The Pound plunged against its main rivals. The Euro rose overnight following hawkish comments from ECB council member Axel Weber. The Dollar, weaker overnight, strengthened in NY trading following a good orders report...
US Durable Goods Orders m/m
Expected
Actual
0.2%
1.3%
August 27, 2008
Demand for more expensive goods, designed to last at 3 years, surprised forecasts on the upside.
Orders increased 1.3% for July and June's data was revised up as well. The news gave the Dollar a bounce...
