German Factory Orders decline 1.5% MoM in October vs. -2.0% expected
Source Fxstreet
According to the official data published by the Federal Statistics Office on Thursday, Germany's Factory Orders declined in October, suggesting that the German manufacturing sector resumed its downward trajectory.
Over the month, contracts for goods ‘Made in Germany’ fell by 1.5% in October after the revised 7.2% jump reported in September. Data beat the estimates of a 2.0% decrease.
Germany’s Industrial Orders rose 5.7% year-on-year (YoY) in October, compared to the revised growth of 4.2%.
FX implications
The Euro holds gains after strong German data, with the EUR/USD higher by 0.23% on the day at 1.0533, as of writing.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin (BTC) price continues to trade in green above $91,500 at the time of writing on Thursday after rebounding from the key support level.
Ethereum Reclaims $3K Handle—Is a Breakout Imminent?Ethereum has jumped back above $3,000 and reclaimed key Fib levels, with a bullish trend line at $2,880 and strong MACD/RSI readings putting a breakout above $3,120–$3,165 — and a possible run toward $3,320–$3,350 — on the table, as long as support around $2,980–$2,920 holds.
Ethereum has jumped back above $3,000 and reclaimed key Fib levels, with a bullish trend line at $2,880 and strong MACD/RSI readings putting a breakout above $3,120–$3,165 — and a possible run toward $3,320–$3,350 — on the table, as long as support around $2,980–$2,920 holds.
Bitcoin price action shows signs of a potential short squeeze as it hovers near $88,000, with analysts watching liquidity dynamics that could push it toward $89,000 or retrace to $85,000.
Australian Dollar extends gains as traders expect RBA to hold ratesThe Australian Dollar (AUD) gains against the US Dollar (USD) on Thursday, extending its gains for the fifth successive session. The AUD/USD pair gains ground as the US Dollar (USD) struggles amid rising odds of Federal Reserve (Fed) rate cut bets in December.
The Australian Dollar (AUD) gains against the US Dollar (USD) on Thursday, extending its gains for the fifth successive session. The AUD/USD pair gains ground as the US Dollar (USD) struggles amid rising odds of Federal Reserve (Fed) rate cut bets in December.
It’s a big day for the UK and the pound. Chancellor Rachel Reeves is expected to deliver her budget address at 12.30 GMT.
