German factory orders data for August was released this morning at 7:00 am GMT. The report was expected to show a 2% month-over-month plunge in orders.
German Factory Orders: actual -5.8% MoM; forecast -2% MoM; previous 2.9% MoM;
The actual report showed an 5.8% month-over-month slump, adding to recent string of downbeat reports from the German economy. EUR ticked lower after the data.
Daily summary: Rising oil pressures EURUSD, bull run on Wall Street continues
BREAKING: Oil rebounds to $100 as Gulf & European officials see US requiring 6 months for Iran deal
Economic Calendar - Final Eurozone Inflation and U.S. Industrial Production (16.04.2026)
BREAKING: First U.S. inventory decline in two months, mainly due to record exports