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Germany: Gradual industrial recovery prospects – Commerzbank
Commerzbank’s Dr. Marco Wagner notes that German manufacturing orders rose 1.9% in May, or 1.0% excluding large orders, pointing to an upward trend. He argues this supports a moderate recovery in German industry and a slight recovery in the broader German economy after a likely small Q2 decline.Fxstreet
Mon, Jul 6
Euro holds gains against Japanese Yen following Eurozone Retail Sales
EUR/JPY continues to gain ground for the second successive day, trading around 185.30 during the European hours on Monday. The currency cross remains stronger as the Euro (EUR) holds ground following the release of key economic data from the Eurozone and Germany.
Fxstreet
Mon, Jul 6
Canadian: Business Outlook Survey to gauge confidence with energy shock – RBC
Royal Bank of Canada (RBC) economists Nathan Janzen and Abbey Xu note the Bank of Canada’s (BoC) Q2 Business Outlook Survey will show how firms reacted to recent energy price volatility, with West Texas Intermediate (WTI) previously near US$100.
Fxstreet
Mon, Jul 6
Germany Factory Orders rises 1.9% in May, beats 1.2% estimates
Germany's Factory Orders jumps 1.9% in May, faster than 1.2% estimates, according to the official data published by the Federal Statistics Office on Monday. In April, the economic data was declined by 3.2%, revised higher from -3.8%.Fxstreet
Mon, Jul 6
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