Germany: Factory Orders, Retail Sales beat estimates in January

• German Factory Orders rose by 1.8% MoM in January.
• German Retail Sales arrived at 10.3% YoY in Jan vs. 0% previous.
• EUR/USD remains pressured below 1.0900 amid strong German data.

The German Factory Orders increased more than expected in January, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is on an upward trajectory.

more to come ...