Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

German Factory Orders Rose Unexpectedly In March

Published 12/31/2000, 07:00 PM
Updated 05/07/2009, 06:32 AM

Release Explanation: Measures the value of new orders placed with manufacturers in an economic region for both durable and non-durable goods.

TheLFB-Forex.com Trade Desk Thoughts: Factory orders in Germany rose for the first time in the last seven months in March. Previously, German factory orders declined at a record pace, posting a huge 38.5% decline in February from one year earlier. In March, factory orders rose 3.3%, while the number for February was revised higher to -3.1%. “The last few months showed the severity of the downturn of the German industry, since both foreign and internal demand have dropped lately”, TheLFB-Forex.com Trade Team said

Forex Technical Reaction: The euro gained 20 pips following the news release. During the European session, the euro rose 80 pips ahead of the interest rate decision. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.