Market Updates: European Events Remain Mixed, While EUR/USD Surges - Forex News by FX Leaders

Market Updates: European Events Remain Mixed, While EUR/USD Surges

Posted Monday, January 7, 2019 by
Arslan Butt • 1 min read

German Factory Orders m/m – Destatis just released the factory order figures for Germany. The report reveals that price-adjusted orders in manufacturing had declined in November 2018 from 0.2% to -1%.

Meanwhile, the German retail sales jumped by 1.4%, beating the 0.4% forecast. The EUR/USD has taken a muted impact of this news and continues to trade in line with FX Leaders Jan 7 forecast.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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