The Fundamental FOREX Blog

Tomorrow, Tuesday 11-10-09 at 5:00 AM ET, two EUR reports will be released, these are:

EUR – German ZEW Survey  Economic Sentiment
EUR – EURO-Zone ZEW Survey Economic Sentiment

In addition, the GBP CB Leading Index m/m report was later added to the mix, which probably had no affect.
Released by The Conference Board Inc.

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

The last time this released was on Tuesday 10-13-09 at 5:00 AM ET along with one other EUR report:

EUR – German ZEW Survey  Current Situation

Also there will be GBP News release – GBP CB Leading Index m/m
Which should not have any impact on the currency market.

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 = 56.0

forecast = 55.2

It appears that the economists now believe the EUR economy is in a decline, if the report comes out higher than the “forecast” by say 10.0, the EUR/GBP 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 currency pair EUR/JPY might be a good pair to watch also. It had a good move last time in spite of a small difference between the “actual” and the “forecast”.

Be sure to check out what happened last month, click here!

I did post a “follow up” soon after this report was completed, click here to see what happened.

The next schedule release of this report is Tuesday, 12-15-09 at 4:00 AM ET.

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

Stay tuned!