Durable goods orders rise, dollar remains strong📈
Although the durable goods order data was slightly better than expected, the risk-off trend came more from changes in positions. Brokerage reports pointed out that hot money in the market began to sell bond futures before the 5-year U.S. bond auction. At the same time, the spot price of gold fell. 1.5%, hitting a 7-month low around $1,880, the US dollar maintained its strength, rising to new cycle highs against most major currencies, while stocks fell again shortly after the New York open (SPX fell from the open to yesterday's low fell 1.3%).
