On 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 were 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 “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 02-16-10 and the results:
EUR German ZEW Economic Sentiment Stats:
previous = 47.2
forecast = 42.5
actual = 45.1
EUR EURO-Zone ZEW Survey Economic Sentiment Stats:
previous = 46.2—————-revised = 46.4
forecast = 42.6
actual = 40.2
Here is how I was set up and what happened:
EUR-3-00AM-02-16-10
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
____45.1__________42.5________47.2
Out at 32.5 or less SELL EUR/USD
Out at 52.5 or more BUY EUR/USD
Good – “actual” came out higher then “forecast” by 2.6
Bad – “actual” came out lower then “previous” by 2.1
EUR ZEW Economic Sentiment
_____40.2_________ 42.6_________ 46.4
_______________________________ 46.2
Bad – “actual” came out lower then “forecast” by 2.4
Bad – “actual” came out lower then “previous” by 6.0
Bad – “actual” came out lower then revised “previous” by 6.2
There was not enough “difference” for a good trade!!
Here are the charts:
a one minute EUR/CHF chart
This EUR/CHF currency pair spiked up 1st minute
Moved down next 42 minutes about 7 PIPS
a one minute EUR/GBP chart
This EUR/GBP currency pair minor moves for 7 minutes
Moved down next 5 minutes about 8 PIPS
a one minute EUR/JPY chart
This EUR/JPY currency pair ranged – spread of about 18 to 20 PIPS
a one minute EUR/USD chart
This EUR/USD currency pair moved up 1st 4 minutes about 14 PIPS
Moved down next 8 minutes about 17 PIPS
Moved up next 24 minutes about 26 PIPS
a one minute GBP/JPY chart
This GBP/JPY currency pair moved up for 30 minutes about 29 PIPS
GBP/USD
a one minute GBP/USD chart
This GBP/USD currency pair moved up for 37 minutes about 29 PIPS
The next reports are scheduled for Tuesday, 03-16-10 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!
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