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Industrial orders drop sharply in January

By Emman Xuereb on
7th March 2012 at 12:16
 

Orders for industrial goods fell sharply in Germany, data showed on Wednesday. Industrial orders m/m plummeted to -2.7% in January, from 1.7% versus consensus for 0.6%.

Emman Xuereb - Trader - RTFX Ltd.
Emman Xuereb

Trader - RTFX Ltd.

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Comments (0)
Sibusiso
Wednesday Mar 2012, 20:37

How does eur/jpy and eur/usd perform tomorrow?

Rudolf
Thursday Mar 2012, 11:32

Hi Sibussio ahead of today's events; namely ECB rate decision and the outcome of the Greek debt swaps (due 0700CET tomorrow morning) i would anticipate a buy the rumour sell the fact episode. Were the euro remains in support till the event goes through to than weaken post the event. We are already seeing a shift in risk sentiment this morning. The euro is up 0.50% against the USD and 0.86% against the JPY so far. Any Greek headlines throughout the day could also be market movers given the focus.

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