Tomorrow, Tuesday 09-15-09 at 5:00 AM ET, four EUR reports will be released, these are:
EUR – German ZEW Survey Economic Sentiment
EUR – German ZEW Survey Current Situation
EUR – EURO-Zone ZEW Survey Economic Sentiment
EUR Euro-Zone Labor Costs (YoY) (2Q)
These reports are released by the Centre for European Economic Research (ZEW)
The last time this released was on Tuesday 08-18-09 at 5:00 AM ET along with two other EUR reports, EURO-Zone Industrial Production, MoM and YoY.
I did a “preview” and a “follow up” last month.
“Preview” click here for a review:
“Follow up” click here for a review:
The EUR – German ZEW Survey Economic Sentiment appears to have the greatest impact on the market.
Here is an idea what transpired last month:
EUR German ZEW Economic Sentiment Stats:
previous = 39.5
forecast = 45.2
actual = 56.1
up 10.9 from the “forecast” and up 16.6 from the “previous”.
good for the EUR.
I monitor six currency pairs for these reports, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY.
Four of the currency pairs were affected by the difference between the “forecast” and the “actual” reports, I showed two of the charts in the “follow up” since they had good moves, one of which I entered a trade.
Click here to view the “follow up”.
Here is the set up for 09-15-09:
EUR German ZEW Economic Sentiment Stats:
previous = 56.1
forecast = 59.8
It appears that the economists believe the EUR economy will improve, if the report comes out higher than the “forecast” by say 10.0, the EUR/USD may move up a nice amount, however, if it comes out lower than the “forecast” by say 10.0, that currency pair may move down a nice amount, it had a good move last time.
I will post a “follow up” soon after this report is completed.
Stay tuned!
