The Fundamental FOREX Blog

Tomorrow, Wednesday 10-07-09 at 6:00 AM ET. The EUR – German Factory Orders MoM and YoY will be released.

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

The last release was on Monday 09-07-09 at 6:00 AM ET, click here to see the “follow up” of those reports.

I also posted a “preview” of those reports on Sunday 09-06-09, click here for a review.

Let’s set this up, I focus mainly on the month-over-month Factory Orders:

EUR – German Factory Orders MoM stats:

Previous = 3.5%

Forecast = 1.2%

Again, this month, the “forecast” indicates that there is an expected decrease in German Factory Orders for last month – which is not real good for the European economy.

Last report release was off the mark – the “forecast” had been for a decline in factory orders down to 2.0%, but the “actual” came out better than expected, 1.5%, higher than the “forecast”. Then the “revision“ of the “previous“ report came out lower by 0.7%.

Last month there were no chart movements, at least none of the charts I watch.

I am going to set up much in the same way as I did last time, only this time I may trade against the “actual” report, the EUR/USD or the EUR/JPY currency pairs will be one my choices to trade.

I think the departure from the “forecast” is going to have to be big, maybe more than 5% either way.

I will post a “follow up” soon after this report.

The next schedule for this EUR – German Factory Orders report will be on Friday, 11-06-09.

I will probably post a “preview” a day or two prior.

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

Stay tuned!