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Germany: Annual Factory Orders decline accelerates in January against expectations

Year-over-year German Factory Orders fell 2.5% in January, down from the 1.9% drop in December, the Deutsche Bundesbank reported today. Market consensus pointed to a 1.6% increase.

On a monthly basis German Factory Orders slid steeply by 1.9% in January, compared with the 1.1% increase in December and against expectations of growing 0.5%.

Forex: USD/CAD trading at support at 1.0309/10

The USD/CAD has managed to hold above the 1.0300 level Thursday, despite recording a brief session low of 1.0299 during European trading. Having recovered off of this region, the pair has gradually edged higher in recent moments, operating now at 1.0309/10. At this juncture, the pair is still trading at a loss on the day, down -0.10%.
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Forex: EUR/USD eases after Germany factory orders

The EUR/USD went as high as 1.3044 on the improving yields seen on Spain and France's bond auction, but failed to extend higher. At the moment of writing, the pair is retracing the European morning gains and approaching the 1.3000 mark after the release of Germany factory orders.
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