Japan machinery orders surge, +13% m/m (expected -1.6%) ...Middle East

+13.4% m/m

expected -1.6%, prior 4.3%

expected -2.2%, prior 1.5%

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These data are a leading indicator of capital spending in the coming six to nine months. It's a volatile data set.

This article was written by Eamonn Sheridan at www.forexlive.com.

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