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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

Release for: April 2019
Source: U.S. Commerce Department
Data in millions of U.S. dollars, seasonally adjusted
                           Levels:                     Pct chg:
                            Apr-19   Mar-19   Feb-19   Apr-19 Mar-19 Feb-19
New Orders:
 Total                      248395   253762   249569     -2.1    1.7   -2.6
  (previous)                                                     2.8   -2.6
 Ex-Trans                   163018   163001   163901      0.0   -0.5   -0.3
 Ex-Defense                 231298   237175   236896     -2.5    0.1   -2.1
 Transportation              85377    90761    85668     -5.9    5.9   -6.7
 Capital Goods               88684    91896    86489     -3.5    6.3   -7.3
 Non-Def Cap Goods           73958    77840    75890     -5.0    2.6   -5.9
  Ex Aircraft                68766    69396    69166     -0.9    0.3    0.3
 Defense Cap Goods           14726    14056    10599      4.8   32.6  -16.5
 Civ. Aircraft Cap Goods*     5192     8444     6724    -38.5   25.6  -42.5
 Ex Def. Cap,Nondef Air*    224487   227452   227603     -1.3   -0.1     NA
 Ex Def. Cap, Civ Air*      228477   231262   232246     -1.2   -0.4    0.2
Inventories:
 Total                      422579   420750   419350      0.4    0.3    0.4
 Ex-Trans                   286491   286158   285137      0.1    0.4    0.0
 Ex-Defense                 394800   393137   391968      0.4    0.3    0.4
 Transportation             136088   134592   134213      1.1    0.3    1.1
 Capital Goods              209246   208205   206757      0.5    0.7    0.2
 Non-Def Cap Goods          185867   184963   183735      0.5    0.7    0.2
  Ex aircraft               129041   128983   128099      0.0    0.7    0.0
 Defense Cap Goods           23379    23242    23022      0.6    1.0    0.3
 Civ. Aircraft Cap Goods*    56826    55980    55636      1.5    0.6    0.9
 Ex Def. Cap,Nondef Air*    330061   329285   328340      0.2    0.3     NA
 Ex Def. Cap, Civ Air*      342374   341528   340692      0.2    0.2    0.3
Shipments:
 Total                      253302   257328   258592     -1.6   -0.5    0.0
 Ex-Trans                   167501   167825   168963     -0.2   -0.7    0.7
 Ex-Defense                 238355   242836   244179     -1.8   -0.6    0.4
 Transportation              85801    89503    89629     -4.1   -0.1   -1.1
 Capital Goods               88763    90805    91393     -2.2   -0.6   -0.6
 Non-Def Cap Goods           75919    78286    78985     -3.0   -0.9    0.1
  Ex aircraft                69390    69378    69821      0.0   -0.6    0.3
 Defense Cap Goods           12844    12519    12408      2.6    0.9   -5.0
 Civ. Aircraft Cap Goods*     6529     8908     9164    -26.7   -2.8   -1.2
 Ex Def. Cap,Nondef Air*    229467   231726   232635     -1.0   -0.4     NA
 Ex Def. Cap, Civ Air*      233929   235901   237020     -0.8   -0.5    0.4
Unfilled Orders:
 Total                     1179098  1179824  1179211     -0.1    0.1   -0.4
 Ex-Trans                   368492   368794   369439     -0.1   -0.2   -0.2
 Ex-Defense                 977333   980209   981691     -0.3   -0.2   -0.3
 Transportation             810606   811030   809772     -0.1    0.2   -0.5
 Capital Goods              864538   864617   863526      0.0    0.1   -0.6
 Non-Def Cap Goods          705336   707297   707743     -0.3   -0.1   -0.4
  Ex Aircraft               220560   221184   221166     -0.3    0.0   -0.3
 Defense Cap Goods          159202   157320   155783      1.2    1.0   -1.1
 Civ. Aircraft Cap Goods*   484776   486113   486577     -0.3   -0.1   -0.5
 Ex Def. Cap,Nondef Air*    427969   428768   428863     -0.2    0.0     NA
 Ex Def. Cap, Civ Air*      535120   536391   536851     -0.2   -0.1   -0.1
Inventory/shipments ratio*    1.67     1.64     1.62
*MNI Calculation
       ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDA$,MAUD0$]