German Factory Orders dropped 2.1% MoM in February. On a yearly basis. Germany’s Factory Orders jumped 1.5% YoY in February. EUR/USD eases-off daily highs, eyes coronavirus updates. The German Factory Orders dropped in February, suggesting that the manufacturing sector in Europe’s largest economy is not out of the woods yet. Contracts for goods ‘Made in Germany’ arrived at % on the month vs. -1.9% expected and +5.5% last, the latest data published by the Federal Statistics Office showed on Monday. On an annualized basis, Germany’s Industrial Orders jumped 1.5% in the second month of 2020 vs. -1.4% previous. About German Factory Orders The Factory orders released by the Deutsche Bundesbank is an indicator that includes shipments, inventories, and new and unfilled orders. An increase in the factory order total may indicate an expansion in the German economy and could be an inflationary factor. It is worth noting that the German Factory barely influences, either positively or negatively, the total Eurozone GDP. A high reading is positive (or bullish) for the EUR, while a low reading is negative. FX implications The shared currency inched a few pips lower on the mixed German Factory Orders data, with the EUR/USD pair now paring gains to trade around the 1.0820 region amid a risk-on market profile. The spot hit a daily high of 1.0835 just a few minutes before the data release. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple Price Analysis: XRP/USD may return to $0.1800 before another bullish assault FX Street 2 years German Factory Orders dropped 2.1% MoM in February. On a yearly basis. Germany’s Factory Orders jumped 1.5% YoY in February. EUR/USD eases-off daily highs, eyes coronavirus updates. The German Factory Orders dropped in February, suggesting that the manufacturing sector in Europe’s largest economy is not out of the woods yet. Contracts for goods ‘Made in Germany’ arrived at % on the month vs. -1.9% expected and +5.5% last, the latest data published by the Federal Statistics Office showed on Monday. On an annualized basis, Germany’s Industrial Orders jumped 1.5% in the second month of 2020 vs. -1.4% previous. About German Factory… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.