The Fundamental FOREX Blog

Tomorrow, Tuesday 10-13-09 at 5:00 AM ET, three 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

These reports are released by the Centre for European Economic Research (ZEW)

The last time this released was on Tuesday 09-15-09 at 5:00 AM ET along with three other EUR reports:

German ZEW Survey – Current Situation
Euro-Zone Survey – Economic Sentiment
Euro-Zone Labor costs

I did a “follow up” of last months report, click here for a review.

The EUR – German ZEW Survey Economic Sentiment appears to have the greatest impact on the market.

Here is what is going this month:

EUR German ZEW Economic Sentiment Stats:

previous = 57.4

forecast = 58.8

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.

The EUR/JPY cross may move well to.

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

The next schedule release of this report is Tuesday, 11-17-09 at 4:00 AM ET.

Stay tuned!