Tomorrow, Tuesday 12-15-09 at 5:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports will be released.
Also, two others reports – these may not have any influence on the currency markets.
EUR German ZEW Survey (Current Situation)
EUR Euro-Zone Labor Costs (YoY) (2Q)
The EUR reports are released by the Centre for European Economic Research ZEW
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 = 51.1
forecast = 50.2
EUR ZEW Economic Sentiment Stats:
previous = 51.8
forecast = 50.9
EUR-3-00AM-12-15-09
10.0 Diff.
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
. actual forecast previous
. 50.2 51.1
40.2 or less SELL EUR/JPY
60.2 or more BUY EUR/JPY
Hopefully both reports will come out in the same direction.
EUR ZEW Economic Sentiment
. actual forecast previous
. 50.9 51.8
It appears that the economists still believe the EUR economy is in a decline, if the report comes out higher than the “forecast” by say 10.0, the EUR/JPY 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. 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 is completed, click here to see what happened.
The next schedule release of this report is Tuesday, 01-19-10 at 4:00 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
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