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

The report reveals that price-adjusted orders in manufacturing had declined in November 2018 from 0.2% to -1%.

Arslan Butt•Monday, January 7, 2019•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 See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.