A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Hi everyone!
An intraday update on the slew of Data Points coming our way today…starting with Durable Goods clocking in at a -6.2%, and ex-Autos at -4.4% !
“Somebody call the Paramedics!”…
We have the largest decline here in two years….better get the Cardiologists to come along, too….
Of course…no real shock here as Americans surely are not in the BMW or Viking Appliance purchasing mood lately, now are they!
The Majors see a small spike in appreciation due to Dollar weakness, and Gold and Crude also appreciating nicely on the “overall news package” as well.
Initial Jobless Claims and Personal Consumption Expenditures looking relatively in line with Consensus..but weak nonetheless.
The true “key” here in my view is the continuing lack of consumer confidence with the Personal Income and Personal Spending numbers.
Relatively in line as well…but could this simply be a “outlier” of the coming Holidays and the time of year?
Month-over-Month Personal Spending up from a -0.9 consensus to a -0.3. A positive sign?…of course not!
We are still negative here…that’s what the little “-” is for!… :-)
Personal Income in line, but in the longer-term view…I personally cannot see this continuing.
The continual shift in declining Employment is not going away anytime soon.
Let’s see what the Managing Indices bring us with Chicago PMI and the Michigan Index due in under an hour…..and then New Home Sales @ 15:00 GMT.
Hmmm…want the New Home Sales now?…I can probably give you a rather accurate idea….hee hee… 