HomeContributorsFundamental AnalysisEuro Gains On Firm Business And German Data

Euro Gains On Firm Business And German Data

The euro extended it’s gains yesterday as economic data was upbeat, including the regional data from Germany. The U.S. and Japan markets were closed but the currency managed to push higher amid lower trading volumes. The broad flash PMI numbers showed a positive increase adding to the gains.

In the UK, the second revision to the GDP showed no changes as the UK’s economy was seen rising 0.4% in the third quarter. Data from Canada saw retail sales rising below forecasts of just 0.3% but it’s better in comparison to the previous month’s decline of 0.4%. Headline retail sales increased 0.1%, offsetting the 0.1% decline from the month before.

Looking ahead, the economic calendar today is quiet. Flash manufacturing PMI numbers from Markit will show how the sector performed for the month of November.

Orbex
Orbexhttp://www.orbex.com/en/agent/cl/ccc678cb86b9
At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading.

Featured Analysis

Learn Forex Trading