On Tuesday 10-13-09 at 5:00 AM ET, four EUR reports were 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 these were released was on Tuesday 09-15-09 at 5:00 AM ET.
I did a “preview” of the 10-13-09 reports on Monday 10-12-09, click here for a review.
The EUR – German ZEW Survey Economic Sentiment appears to have the greatest impact on the market.
Here was the set up for 10-13-09 and the results:
EUR German ZEW Economic Sentiment Stats:
previous = 57.7
forecast = 58.8
actual = 56.0
Bad - lower than the “forecast” by 2.8, and lower by 1.7 of “previous”.
I monitor six currency pairs for these reports, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY.
Two of the currency pairs were affected by the difference between the “forecast” and the “actual” reports, I am showing these two charts in this “follow up” even though they did not have any real significant movement.
a one minute EUR/JPY chart
This EUR/JPY currency pair ranged for about 6 minutes, then moved down about 42 PIPS the first 7 minutes. After the 6 minute period, this currency pair was moving in the predicted direction.
a one minute EUR/GBP chart
This EUR/GBP currency pair moved down about 32 PIPS in 45 minutes. This pair was moving in the right direction.
The other 4 currency pair charts are not worth showing.
I did not enter a trade for this months reports.
The next reports are scheduled for Tuesday, 11-17-09 at 6:00 AM ET, I have noticed lately that schedules are sometimes changed during the time periods between scheduled reports.
I will probably post a “preview” a day or two prior.
Stay tuned!
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