The Fundamental FOREX Blog

On  Monday 09-07-09 at 6:00 AM ET. The EUR – German Factory Orders MoM and YoY were released.

The German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.

The last release was on Thursday 08-06-09 at 6:00 AM ET, click here to see the results of those reports.

I also posted a “preview” of those reports, click here for a review.

I did write a “preview” post on Sunday 09-06-09, click here for a review.

In the post I wrote the following:

“Due to the Labor Day holiday tomorrow, there probably will not be too much interest in the FOREX market, but, I will be watching just in case.”

I believe the holiday had an effect on the market.

Here is how things went:

EUR – German Factory Orders MoM stats:

Previous = 4.5% revised = 3.8%

Forecast = 2.0%

Actual = 3.5%

This “actual” report was good for the EUR, but only 1.8% more than the “forecast”, probably not enough of a surprise to the trading market to cause any movement of the “charts” – also, as I have stated above about the Labor Day holiday, there was no real “currency” action.

None of the currency pairs I monitor had any “fruitful” movement, I did not trade!

The next schedule release of this report is on Tuesday, 10-06-09 at 6:00 AM ET.

Remember, “Past performances are not an indication of future results!
Stay tuned!