Little movement in the market, EUR benefits of German Factory Orders

The forex trading today is characterized by its small movement. Only the EUR could profit of today's data on the German Factory Orders and rose against most of its counterparts. The German  Factory Orders increased by 3.8%, and exceeded forecasts by 2.8%. The euro rose against the U.S. dollar at current 0.37% and currently stands at 1.3307 and tries to hold the 1.3300 mark. Whether he can continuously exceed will depend, among other things, on the willingness of the Fed is rated for a speedy reduction of bond purchases. Further evidence of this could be this evening, the president of the Chicago Fed's Charles Evans, deliver a speech about the economic forecast on the Futures & Options Expo in Chicago.

The AUD was able to benefit from the rate cut by the RBA today. Investors will probably assume that could be a revival of the Australian economy through the reduction from 2.75% to 2.50%, which the AUD increases its value in the long term. Currently, the pair AUD / USD recorded a growth of 0.27% and stands at 0.8953.

Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy or sell any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.