German industrial orders came in -1.6% MoM vs 0.5% exp. and -0.2% previously
The reading weakened the EURUSD however volume and reaction to German data is not very significant. However, the reading may be a sign that European industrial sector is still far from recovering and may face the next 'phase' of problems in the second half of the year, pressuring more ECB rate cuts.
Source: xStation5
Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole
🚩 EURUSD loses 0.3%
🗽 Fed chair, Kevin Warsh speech from Jackson Hole
Economic Calendar: All eyes on Kevin Warsh! Will Fed Chair protect his credibility?