Oil-sector woes and USD hit capex

Standard Chartered notes....

• We see February durable goods (Wednesday, 08:30ET) down 2.0% m/m (consensus +0.2%), from +2.8% in January, on the back of lower aircraft orders.
  
  
• Ex-transport, we see durable goods down 0.4% (0.2% consensus) from 0.3% in January. Capital goods data will be in the spotlight. 
  
  
• A strengthening US dollar, domestic energy-sector woes, and a mixed global outlook are continued headwinds to US corporate investment, which we think could be a sizeable constraint on Q1 GDP growth.
  
  
• Markets will continue to monitor Fed speeches for the reasons behind the FOMC's recently more dovish tone.