Euro/dollar hardly moves on Thursday morning – investors are in no hurry to take risks before the release of important data. The current quote in EURUSD is 1.1600. As shown by the statistics presented yesterday, the volume of orders in the US for durable goods in September fell by 0.4% m/m – less than expected. A month earlier, the indicator grew by 1.3% m/m. The report (excluding the transport component) showed an increase of 0.4% m/m, in accordance with expectations. The release details show that orders have grown quite well, excluding the aviation and defense industry – by 0.8% m/m against expectations of growth by 0.5%.

By itself, the order report is quite volatile and, as usual, the details matter here. The fact that the August data was mostly revised downward makes the overall picture quite worse.

Today is an important day for the major currency pair. Firstly – a meeting of the European Central Bank, from which a more “hawkish” attitude is expected. The harder the ECB comments, the more support the euro will receive. Then – the release of the report on US GDP for the III quarter. There is an opinion in the market that the American economy could have grown less than in the second quarter. The better the statistics are, the more delighted fans of the US dollar will be. The evening is expected to be very volatile.