German Factory Orders rebound 4.1% MoM in June; EUR/USD unfazed

• German Factory Orders jumped by 4.1% MoM in June, a big beat.
• On a yearly basis, Germany’s Factory Orders rose only by 26.2% in June.
• EUR/USD keeps its range around 1.1835 on mixed German Factory data.

The German Factory Orders jumped more than expected in June, suggesting that the manufacturing sector in Europe’s economic powerhouse has witnessed a major turnaround.

more to come ....