The Fundamental FOREX Blog

Tomorrow, Friday, 11-06-09 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 Wednesday, 10-07-09 at 6:00 AM ET, click here to see the “follow up” of those reports.

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

EUR – German Factory Orders MoM stats:

Previous = 1.4%

Forecast = 1.0%

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

Last month there was not enough difference of the “actual” from the “forecast” and “previous” to cause any market movement, 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 did post a “follow up” soon after this report, click here to see what happened.

The next schedule for this EUR – German Factory Orders report will be on Friday, 12-04-09 at 6:00 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!