Durable Goods, GDP, Jobless Claims, And U.S. Dollar (/DX) Analyzed

Durable goods came in at -1.3% versus estimate of 0.7%. GDP came in near expectations at 6.4% versus expected 6.5% and the GDP Price Index better than expected. The U.S. Dollar has continued pressure due to the declining rate environment, says Dan Deming of KKM Financial. The reopening of several of the global areas is alleviating some uncertainty with the Dollar benefitting. Bitcoin (/BTC) could also affect the Dollar, adds Dan.

Futures

27 May 2021

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Durable Goods, GDP, Jobless Claims, And U.S. Dollar (/DX) Analyzed

Durable goods came in at -1.3% versus estimate of 0.7%. GDP came in near expectations at 6.4% versus expected 6.5% and the GDP Price Index better than expected. The U.S. Dollar has continued pressure due to the declining rate environment, says Dan Deming of KKM Financial. The reopening of several of the global areas is alleviating some uncertainty with the Dollar benefitting. Bitcoin (/BTC) could also affect the Dollar, adds Dan.

Futures

27 May 2021