The Fundamental FOREX Blog

On  Wednesday, 10-07-09 at 6:00 AM ET. The EUR – German Factory Orders MoM and YoY reports were released.

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

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

Here is how things went:

EUR – German Factory Orders MoM stats:

Previous = 3.5%

Forecast = 1.2% revision = 1.3%

Actual = 1.4%

This was good in that it came out higher than the “forecast” by 0.2%, and higher than the revised “forecast” by 0.1%. But it was still lower than the “previous” by 2.1%. Overall, it did not show any improvement in EUR economy.

It was not enough of a surprise to the trading market to cause any movement of the “charts”, 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, 11-06-09 at 7:00 AM ET.

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

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