German Factory Orders measures the change in the total value of new purchase orders placed with manufacturers for both durable and non-durable goods. It is a leading indicator of production.
Actual > Forecast = Good for currency
Nov 6, 2019
Why Traders Care
Rising purchase orders signal that manufacturers will increase activity as they work to fill the orders. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.