The Fundamental FOREX Blog

Tomorrow, Tuesday 02-16-10 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, one other report – this may not have any influence on the currency markets.

EUR German ZEW Survey (Current Situation)

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 = 47.2

forecast = 42.5

EUR ZEW Economic Sentiment Stats:

previous = 46.2

forecast = 42.6

Here is how I am set up for tomorrow:

EUR-5-00AM ET-02-16-10
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_________________42.5________47.2
Out at 32.5 or less SELL EUR/USD
Out at 52.5 or more BUY EUR/USD
EUR ZEW Economic Sentiment 42.6     46.4

The currency pair EUR/USD had a “right direction” move last month – so…I will set up to trade that pair.

It appears that the economists still believe the EUR German economy is in a decline.

I traded the currency pair EUR/JPY last month and had 2 losing trades. I did not follow my own rules and traded 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, 03-16-10 at 5:00 AM ET.
I will probably post a “preview” a day or two prior.

Stay tuned!