After plummeting yesterday on news of Greece potentially failing to get a bailout, the EUR was on the upside this morning after two reports gave investors reason to buy back into the region.
Germany published its factory orders data which revealed a better than expected 2.8% jump in manufacturing expectations. The euro zone’s retail sales data also came out above forecasts at 0.9%; analysts had forecast approximately 0.4% growth given the downturn in spending data.
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Greg Holden is the Chief Market Analyst at ForexYard. Greg uses his detailed knowledge of fundamental and technical analysis to provide some of the leading market forecasts in the forex world today. A guest lecturer at forex symposiums and Chief Editor of ForexYard's analysis center, Greg brings highly detailed and easy-to-use market analyses to his clientele. He has been published on ForexYard's Trading Blog and affiliate websites. Greg holds degrees in Political Science and Economics from Missouri State University, as well as a Masters degree in Middle Eastern History.
