07:00 AM GMT, Germany - Durable Goods for December:
- German Factory Orders: actual 6.9% MoM; forecast 1.9% MoM; previous -5.4% MoM;
The headline figure shows a rebound from November’s sharp drop, mainly due to a surge in large-scale orders for aircraft, ships, and military vehicles (+55.5%). However, overall incoming orders in 2024 remain 3.0% lower year-over-year after seasonal adjustments.
Chart of the day: EURUSD slightly loses before the Federal Reserve decision 🔍
Economic Calendar: Wall Street Rises Ahead of the Fed Decision
Market Wrap: Europe attempts rebound amid hopes of restoring traffic in Hormuz 🚢
BREAKING: USDCAD rebounds after lower than expected CPI 🇨🇦 📈