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German June Factory orders jump but EUR/USD refuses to do so
The German June factory orders data has just been released. The markets were expecting an improvement from the 1.6% fall seen in May. The forecast was for a rebound of around 0.5%. The data has just revealed a much bigger than forecast rise, of 3.9% and that has helped improve the annualised reading too. The EUR/USD has not immediately reacted to this data though, but that is quite often the case. At the same time this much better data should not be ignored, provided it proves not to be a one-off. The EUR/USD is close to session lows, currently trading at 1.0946
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The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
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USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
