Tomorrow, Tuesday 01-19-10 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, three others reports – these may not have any influence on the currency markets.
EUR German ZEW Survey (Current Situation)
EUR Euro-Zone Construction Output s.a. (MoM)
EUR Euro-Zone Construction Output w.d.a. (YoY)
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 = 50.4
forecast = 49.9
EUR ZEW Economic Sentiment Stats:
previous = 48.0
forecast = 48.2
Here is how I am set up for tomorrow:
EUR-3-00AM-01-19-10
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
________________49.9________50.4
39.9 or less SELL EUR/JPY
59.9 or more BUY EUR/JPY
EUR ZEW Economic Sentiment 48.2 48.0
It appears that the economists still believe the EUR German economy is in a decline.
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, 02-16-10 at 4:00 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
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