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Forex: German Work Orders (MoM)05.02.2012
12:00 clock the data are published for the German Work Orders (MoM). (Forex)
At the German labor contracts, the change of the new factory orders for durable goods and non-durable goods are measured. An increasing trend could indicate a recovery of the German economy. The previous value was -4.80%. The forecast is 0.50%. The value at the beginning of the year was 5.20%. A higher value would be bullish for the EUR. Conversely, the value is lower than the prediction, then that could be bearish impact on the EUR. Details are available in the forex calendar. |
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