5 June 2012 08: 51 GMT 
the takeaway: German factory orders decline of 1.9% in the month of April-> several indicators of possible contraction-> Euro cancels the previous session gains
Reference to a possible reversal to an economic contraction, commands dragged German plant-1.9% in the course of April, well below the expectations of analysts for a - 1.1% decline. From the month of April 2011, factory orders were down 3.8% and March it had arrested were revised and more for an increase of 3.2%, according to the Ministry of economy in Berlin.
Factory orders from other countries of the euro area dropped 1.8% in April, while orders from non - EU countries fell by 4.7%. During this time, domestic orders were up by 0.4%.
Earlier today, composite outcome of German Index of purchasing managers of May is the lowest 34 months and indicates a contraction of the German production. The decline suggests that anxiety over the European debt crisis is now pressure on the German economy, and GDP T2 could come down.
It is said that G7 leaders are meeting today to discuss ways to improve the European economy and to help the Greece to avoid output of the single currency. German Prime Minister Angela Merkel said so far that it does support joint Government in euro bonds.
The EUR/USD appeared to ignore the worst decline expected in the commands of the plant, as the slightly higher fixed pair follows a giant lower 1.2450 earlier in the session. Feelings of risk are down after the Spanish Minister of the Budget of the negative comments on a rescue plan and the rumours that the G7 leaders will participate in a conference call.
DailyFX provides news forex and technical analysis on trends affecting the world market currencies.
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5 June 2012 08: 51 GMT
the takeaway: German factory orders decline of 1.9% in the month of April-> several indicators of possible contraction-> Euro cancels the previous session gainsReference to a possible reversal to an economic contraction, commands dragged German plant-1.9% in the course of April, well below the expectations of analysts for a - 1.1% decline. From the month of April 2011, factory orders were down 3.8% and March it had arrested were revised and more for an increase of 3.2%, according to the Ministry of economy in Berlin.
Factory orders from other countries of the euro area dropped 1.8% in April, while orders from non - EU countries fell by 4.7%. During this time, domestic orders were up by 0.4%.
Earlier today, composite outcome of German Index of purchasing managers of May is the lowest 34 months and indicates a contraction of the German production. The decline suggests that anxiety over the European debt crisis is now pressure on the German economy, and GDP T2 could come down.
It is said that G7 leaders are meeting today to discuss ways to improve the European economy and to help the Greece to avoid output of the single currency. German Prime Minister Angela Merkel said so far that it does support joint Government in euro bonds.
The EUR/USD appeared to ignore the worst decline expected in the commands of the plant, as the slightly higher fixed pair follows a giant lower 1.2450 earlier in the session. Feelings of risk are down after the Spanish Minister of the Budget of the negative comments on a rescue plan and the rumours that the G7 leaders will participate in a conference call.DailyFX provides news forex and technical analysis on trends affecting the world market currencies.
Learn forex trading with a free account of practice and exchange of graphics of FXCM.
5 June 2012 08: 51 GMT
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