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May 7, 2013

Germany: Annual Factory Orders fall 0.4% in March

FXstreet.com (Barcelona) - On an annual basis German Factory Orders declined by 0.4% in March, down from the 0.2% fall in February, Deutsche Bundesbank reported on Tuesday. This result is more positive than the 2.9% decrease forecasted by economists.

Month-over-month German Factory Orders increased by 2.2%, following a 2.2% rise and against expectations of a 0.5% drop.
May 7, 2013

Forex: EUR/USD above 1.3100 on better German data

The shared currency continues its recovery beyond the 1.3100 mark on Tuesday, propped up by better-than-expected German Factory Orders, expanding 2.2% on a monthly basis vs. the median at -0.5%...
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May 7, 2013

Forex: EUR/JPY jumps to 130.00 area on German data

The EUR/JPY jumped on the release of German factory orders as the indicator didn’t follow the course of market consensus and grew by 2.2% in March, instead of contracting -0.5% as expected. February data was revised slightly lower from 2.3% to 2.2%. The EUR/JPY is back at its highs, trying to tackle the 130.00 handle and return to May and April highs at 130.41 and 131.13, respectively.
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