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

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.