Some good economic data from the US: durable goods orders are up 4.4% against 3.3% expected. Core orders provide an even more welcome surprise: 1.5% against 0.5% predicted. The measure that excludes defense and air is up 1.6% against 0.2% expected. Jobless claims are down to 261K, within expectations.

The US dollar is slightly stronger in the immediate aftermath but isn’t going anywhere fast. The figure will feed into Q3 growth expectations, which are already strong. We will get an update on Q2 (first revision) tomorrow.

See how to trade the revised GDP with USD/JPY.

The United States was expected to report a rebound in durable goods orders: a rise of 3.3% in the headline figure after a plunge of 3.9% in June. More importantly, core orders carried expectations for a rise of 0.5%, after a slide of 0.4% last time. Core orders reflect investment, something the Fed, with its long-term objectives, eyes. At the same time, the weekly jobless claims report is published as well. It is expected to show a rise from 262K to 265K this time.

The US dollar was mixed ahead of the release: it was sliding against the euro while gaining against the pound and remaining fairly balanced against the yen.

Fed Chair Janet Yellen and other central bankers will convene this weekend in Jackson Hole and expectations are high.

Read: Jackson Hole , the Fed’s September decision, and the dollar

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