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Rich Mom traders like other investors in major markets give great attention to economic news issued throughout the day. This is due to the economic data (or economic indicators) often affect trading trends, both in the stock market or in the currency market. One of the most common economic indicators in use by Forex traders and other investors is the durable goods report.
The definition of durable goods

Before discussing the report itself, the term "durable goods" needs some explanation. Durable goods are those goods that keep for more than three years, or other words, the consumer is expected to purchase the goods will not replace them in the near future. Examples of durable goods cars, furniture, machinery, appliances and equipment manufacturing.
Durable Goods Report

Durable Goods report issued on the twentieth of each month to measure the limits of the previous month's activities. The report measures the number of new orders of durable goods orders data Rich Mom more than four thousand factory in about 85 industry. Typically, the manufacturing orders numbers in the areas of transport and defense are Rich Mom of the report due to distinguish them a high degree of volatility.

This report is vital for investors since it is one of the leading indicators for the economy as a whole. This means that when a strong report numbers (ie, the high number of orders or requests) come, this means that consumers are likely to be buying more durable goods which gives a boost to the local economy. On the other hand if the durable goods orders, the numbers fell This means that the consumer is likely that they will increase their purchases from the levels which cast negative effects on the currency rate.

Non-defense capital goods

In addition to the huge number of durable goods orders, this report also includes the manufacture of non-defense capital goods orders. Non-defense capital goods refers to the manufacture of capital equipment orders requests in the areas of non-defense, which is one of the important parts of the report as representing the manufacturing sector, industrial Rich Mom Reviews production tools in all sectors of the national economy. Like other sectors, the orders non-defense capital goods, considered a leading indicator of the health of the economy as a whole. If the increased requests for this type of goods, this is a good indication of the growth of the economy (and by extension affect positively on the currency rate). On the other hand, the decline in the quality of goods manufacturing applications is a strong indication of the likelihood of an imminent decline in economic activity.


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