Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The typical/expected impact on EUR pairs is medium.
The consensus forecast for Factory Orders s.a. (MoM) is -2%. A higher value than forecast tends to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The most recent announced value for Factory Orders s.a. (MoM) was 4.2% against a forecast of 1.5%.
Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next Factory Orders s.a. (MoM) result:
Country: | Germany |
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Currency: | EUR |
Source: | Federal Statistics Office of Germany |
Category: | Economic Activity |
Frequency: | Monthly |