On 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 were released.
Also, two others reports – these may not have had 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 “preview” post of this months report, 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 12-15-09 and the results:
EUR German ZEW Economic Sentiment Stats:
previous = 51.1
forecast = 50.2
actual = 50.4
Good – “actual” came out higher then “forecast” by 0.2
Bad – “actual” came out lower then “previous” by 0.7
EUR EURO-Zone ZEW Survey Economic Sentiment Stats:
previous = 51.8
forecast = 50.9
actual = 48.0
Bad – “actual” came out lower then “forecast” by 2.9
Bad – “actual” came out lower then “previous” by 3.8
Here is how I was set up:
EUR-3-00AM-12-15-09
Looking for a 10.0 Difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
actual forecast previous
50.4 50.2. 51.1
40.2 or less SELL EUR/USD
60.2 or more BUY EUR/USD
EUR ZEW Economic Sentiment 48.0 50.9 51.8
There was not enough “difference” for any kind of an indication how the market would move.
Here are the charts:
a one minute EUR/CHF chart
This EUR/CHF currency pair had no real “profit potential” movement!
a one minute EUR/GBP chart
This EUR/GBP currency pair ranged down for 6 minutes
Moved up next 54 minutes about 23 PIPS – ????
a one minute EUR/JPY chart
This EUR/JPY currency pair moved down 1st three minutes about 13 PIPS – ????
Moved up next 55 minutes about 42 PIPS – ????
a one minute EUR/USD chart
This EUR/USD currency pair moved down 1st two minutes about 17 PIPS – ????
Moved up next 29 minutes about 25 PIPS – ????
a one minute GBP/JPY chart
This GBP/JPY currency pair Ranged!
a one minute GBP/USD chart
This GBP/USD currency pair Ranged for 28 minutes
Moved down next 20 minutes about 35 PIPS ????
The next reports are scheduled for Tuesday, 01-19-10 at 5:00 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!
2 Trackbacks
[...] did post a “follow up” soon after this report is completed, click here to see what [...]
[...] did a “follow up” of last months report, click here for a [...]