German industrial orders data for June was released this morning at 7:00 am BST. Data was expected to show a 2.0% MoM drop in orders, following a very strong 6.4% MoM jump in May. However, data turned out to be a huge positive surprise with actual orders growing by 7.0% MoM in June! This was the biggest monthly jump in three years when industry was recovering from initial Covid lockdowns.
EUR jumped on the news with EURUSD moving 0.1% higher following the release. DAX futures (DE30) jumped around 0.2% and climbed to fresh daily highs near 16,050 pts area.
EURUSD jumped after a big surprise in German orders data for June. Source: xStation5
Fed Chair Kevin Warsh’s Q&A from Congress Testimony: Inflation stability is a key
Dollar sells-off following first US price drop in six years
Warsh's Address to Congress: Zero Tolerance for Inflation, But No Change in Interest Rates?
BREAKING: US CPI data much lower than expected 📈 EURUSD gains
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
