Dollar getting owned after durable goods report, why?

[hustlehard420]

Trying to figure it out. I went long the dollar last night against the JPY, EUR, GBP, in my demo account which I was up and still am slightly even after the dollar started declining. The durable goods number was iinline supposedly, I say that, because I saw estimates elsewhere that called for a report of 3.4%+. So did others view it as weak and think that means there won't be an increase in rates anytime soon, because if we raise interest rates that should strenghten the dollar correct? Just looking to see whats going on thanks for the insight.

Ok well the guy in the bonds pit said now its all about new home sales, so are currency traders thinkg the housing number will be weak?

[techno791]

I've noticed the same type of thing for at least two weeks. Every dollar positive report ends up making the dollar weaker. Sometimes I hear more about the report that wasn't that great after the numbers. It's werid.

Actually, I was doing great the last week, until last night. I got kicked around the middle of the night, stop loss taken out, and at the point reversed to take profit. Oh well. It's just a mini, if I don't mess up next week....

Take a look at next weeks calender if you want to watch how news works. Very big week.

[mister_doodi]

Made $4 this week on 1 lot gbpjpy trade. I was like LOL. Lots of trade oppertunties towards the end of the week but I just stayed out because I was getting owned on my clients account.

[Zixi]

I would think dollar goes down from here.