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US Orders for Goods Fall 2 percent in January

Orders for goods produced in U.S. factories fell 2.0% in January, largely because of fewer orders for aircraft, the Commerce Department said Wednesday. Economists surveyed by MarketWatch expected orders to decline by 2.2%. Excluding transportation, orders climbed 1.3%. Orders for durable goods – products meant to last at least three years – slumped 4.9% in January. Orders for nondurable goods such as food and clothing rose 0.6%. In December, factory orders were revised down to show a 1.3% increase instead of 1.8% as initally reported. Shipments of all factory goods in January dipped 0.2%

via Marketwatch [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza