
EUR/USD: Trading the German Factory Orders | Forex Crunch
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EUR/USD - Euro Under Pressure as German Factory Orders
EUR/USD back at 1.17 (31.07.2018) Forex figure is the result of Euro-zone consumer surveys personal news, the job market, the likelihood of saving and calendar on the economy. High levels of consumer confidence bode well for the economy, indicating consumers are more likely to increase consumption spurring growth and potentially sparking inflation.

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EUR/USD – Euro Drops Below 1.15 Despite Strong German
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EUR/USD has posted slight losses in the Friday session. Currently, the pair is trading at 1.1494, down -0.18% on the day. On the release front, German data was positive. Factory Orders jumped 2.0%

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EUR/USD: Neutral: Downward pressure has eased, in a 1.0580/1.0750 range. While we indicated yesterday that the pull-back from the 1.0825/30 high two weeks ago is trying to form a base, the rapid rise that easily took out the strong 1.0640 resistance came as a surprise (overnight high of 1.0680).

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EUR/USD jumped today. Market analysts speculated that the possible reason for that was the dovish tone of several Federal Reserve officials. While Fed Chairman Jerome Powell was optimistic about US economic growth, he cautioned against headwinds to growth and fading fiscal stimulus.

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