FXEM - EMPIRE MARKETS - Company New Article
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Sep 26, 2025
Durable goods +2.9% cut rate-cut odds, support gold
Strong data lifts dollar as investors weigh risks
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Markets are now in a state of heightened anticipation following the release of surprising economic data from the United States: Durable goods orders rose 2.9% in August, driven by a surge in orders for vehicles and heavy equipment, which beat expectations for a slight decline. This stronger-than-expected performance is prompting investors to reassess the likelihood of a Federal Reserve interest rate cut. Expectations for multiple rate cuts have weakened, especially after improved data such as GDP and durable goods orders. Gold is receiving significant support in this context, as a safe haven amid declining expectations regarding monetary policy. Oil, meanwhile, is under pressure due to ongoing concerns about weak global demand and OPEC+ production data. |
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Short-Term Outlook
- Gold may target higher levels if data surprises remain positive, especially with the dollar's weakness; support is expected at new record highs.
- The dollar is likely to continue to rise relatively if strong data is repeated, reducing pressure for interest rate cuts.
- Oil may decline if demand data is weak, especially with concerns about global production and alternatives.