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Germany: Factory Orders flat in February

FXstreet.com (Barcelona) - German Factory Orders remained unchanged in February, following a 2.1% drop the previous month, Deutsche Bundesbank informed today. Analysts expected a 1.5% decrease.

On a monthly basis Factory Orders jumped 2.3%, compared with the 1.6% fall in February and above forecasts of +1.2%.

Forex: EUR/USD testing highs around 1.2835/40

The shared currency is testing session highs in the vicinity of 1.2835 on Thursday, after German Factory Orders expanded 2.3% on a monthly basis, leaving behind the forecasted advance of 1.2% and January’s contraction of 1.6%...
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Forex Flash: US NFP risks to the downside by uncertainty from sequestration – TD Securities

The last big event in the market this week is the US nonfarm payrolls report today: “The positive momentum in US labor market activity should be sustained in March, with the economy adding a further +195K jobs”, wrote TD Securities analysts. “While this will be a slowdown from the robust 236K pace in February, it is in line with the 6m trend”, they continued, adding that growth should be broadly-based, reflecting the improved tone in economic growth performance in Q1. “Notwithstanding this constructive view, and believe the recent initial claims/ADP report suggest downside in the coming months, risks are tilted to the downside reflecting the uncertainty on the impact from sequestration”, they concluded.
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