• Headline and Core Durable Goods Orders rose at a faster than expected pace in January, with December figures also seeing positive revisions. 
• This didn't seem to provoke a market reaction with focus more on geopolitics. 

According to the latest release by the US Census Bureau, US Durable Goods Orders rose by 1.6% MoM in January compared to market expectations for a 0.8% rise in sales. That marked an acceleration versus December's 1.2% MoM pace of gain, which had seen a big revision higher from -0.7%. The more widely followed Core Durable Goods Orders growth rate was also stronger than expected at 0.7% MoM versus 0.4% consensus forecasts, with December's 0.9% MoM growth rate also being revised substantially higher from 0.6% previously. 

Market Reaction

It does not seem as though FX or other markets have reacted to the latest tranche of US data, with focus much more on geopolitical developments for now.