The Fundamental FOREX Blog

On Thursday, 01-07-10 at 6:00 AM ET. The EUR – German Factory Orders MoM and YoY will be was released.

The EUR German Factory Orders reports are released on a monthly basis by Deutsche Bundesbank.

I did a “preview” post on Wednesday, 01-06-10 at 6:00 AM ET, click here to see the “preview” of these reports.

Here is how this was set up, I focus mainly on the month-over-month Factory Orders:

EUR – German Factory Orders MoM stats:

Previous = -2.1%

Forecast = 1.6%

Here is how I was set up and what happened:

EUR-4-00AM-01-07-10
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual———-forecast———-previous
________________1.6%________-2.1%
_____0.2% ______1.6%________-1.9%
Out at 0.3% or lower – SELL EUR/USD
Out at 2.9% or higher – BUY EUR/USD
Bad – “actual” came out lower then “forecast” by 1.4%
Good – “actual” came out higher then “previous” by 2.3%
Good – “actual” came out higher then revised “previous” by 2.1%

a one minute EUR/CHF chart

This currency pair EUR/CHF – Minor move up 1st 3 minutes
Moved up next 46 minutes about 22 PIPS – wrong direction

a one minute EUR/GBP chart

This currency pair EUR/GBP- moved down in 21 minutes about 8 PIPS – right direction
Moved up next 24 minutes about 13 PIPS – wrong direction

a one minute EUR/JPY chart

This currency pair EUR/JPY- Minor ranging for 40 minutes

a one minute EUR/USD chart

This currency pair EUR/ USD – Moved down after 1st minute for 11 minutes about 18 PIPS – right direction
(entered a trade and had a winner here)
Moved up next 15 minutes about 18 PIPS – wrong direction

a one minute GBP/JPY chart

This currency pair GBP/JPY- Ranged 1st 8 minutes
Moved up next 13 minutes about 15 PIPS
Moved down next 31 minutes about 27 PIPS

a one minute GBP/USD chart

This currency pair GBP/USD- Moved down after 1st minute for 4 minutes about 13 PIPS
Ranged next 9 minutes
Moved up next 14 minutes about 20 PIPS

The next scheduled release of this report is on Thursday, 02-04-10 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!