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Market Updates: German Factory Orders Slipped By -2.6%

The Federal Statistical Office (Destatis) published that price-adjusted new orders in manufacturing fell in January 2019 by 2.6% on the previous month. For December 2018, major orders were reported subsequently.

Revision of the preliminary figures lead to an expansion of 0.9% for December 2018 vs. November 2018 (provisional: -1.6%).

Price-adjusted new orders without major orders in manufacturing had decreased in January 2019 a seasonally and calendar adjusted 2.5% on the previous month.

The EUR/USD is showing a muted response as investors await the following in 15 minutes:

  • French Industrial Production m/m
  • French Trade Balance
  • Italian Industrial Production m/m

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Arslan Butt
Index & Commodity Analyst
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.
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