EUR/USD: Ignores stronger German Factory Orders data – Scotiabank
Source Fxstreet
German Factory Orders data for December rose a solid 6.9% in the month, versus expectations for a 2.0% gain, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR slips lower on the day
"This data series has been choppy in the past few months and orders for Q4 overall were flat. Still, the late year jump, along with survey data, suggest that the industrial sector may be stabilizing, albeit at a relatively soft level. Tariff risks, energy costs and uncertainties around next month’s election may keep activity trends relatively subdued in the early part of this year."
"Spot peaked just under 1.0450 yesterday. Losses in the EUR since then appear corrective and may extend a little more after the squeeze higher seen earlier this week. Support is 1.0290/00."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
While the stock market is still surging right now, investor sentiment may be taking a turn. Around 34% of U.S. investors feel "bearish" about the next six months, according to a we
Top 5 Crypto in 2025: TRX, SUI, AAVE, RBLK & ETH Price Predicted to Soar, Experts SayCrypto markets are heating up, and experts are predicting big things for 2025. While some coins are moving slowly, others are ready tо explode. Names like Ethereum and Tron have been around for years, showing steady growth, but newer projects like Sui, Aave, and the latest Rollblock are gaining serious momentum. With analysts calling for […]
Crypto markets are heating up, and experts are predicting big things for 2025. While some coins are moving slowly, others are ready tо explode. Names like Ethereum and Tron have been around for years, showing steady growth, but newer projects like Sui, Aave, and the latest Rollblock are gaining serious momentum. With analysts calling for […]
Dogecoin price stabilized around the $0.26 level on Wednesday amid a 22% weekly decline as crypto markets tumbled further.
XRP price struggled to continue higher above the $2.75 zone and dipped. The price is showing a few bearish signs below the $2.60 level. XRP price started a strong upward move above the $2.50 level.
Gold price (XAU/USD) trades with a mild positive bias during the Asian session on Thursday and remains close to the all-time peak touched the previous day.
Related Instrument
