US June durable goods orders +4.7% vs +1.0% expected

<ul><li>Prior was +1.8</li><li>Non-defense capital goods orders ex-air +0.2% vs -0.1% expected</li><li>Prior non-defense capital goods orders ex-air +0.7% </li><li>Ex transport +0.6% vs 0.0% expected</li><li>Ex defense +6.2% vs +3.0% prior</li></ul><p>This is a good report though not as good as the headline indicates as some large transport orders came through.</p>

This article was written by Adam Button at www.forexlive.com.