The Fundamental FOREX Blog

On Friday, 03-05-10 at 6:00 AM ET. The EUR – German Factory Orders MoM and YoY were released.

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

Click here to see this months “preview” post of these reports.

I had 2 small losing trades that day with the currency pair EUR/USD. The market did not move as “expected”!!

Here is what happened:

EUR – German Factory Orders MoM stats:

Previous = -2.3%—————-revised = -1.6%

Forecast = 1.6%

Actual = 4.3%

Here is how I was set up and what happened:

EUR-4-00AM-03-05-10
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual———-forecast———-previous
________________1.6%________-2.3%
_____4.3% ______1.6% ________-1.6%
Out at 0.3% or lower – SELL EUR/USD
Out at 2.9% or higher – BUY EUR/USD
Good – “actual” came out higher then “forecast” by 2.7%
Good – “actual” came out higher then “previous” by 6.6%
Good – “actual” came out higher then revised “previous” by 5.9%

Here are the charts:

(EUR/CHF)

a one minute EUR/CHF chart

This currency pair EUR/CHF currency pair – very minor moves!!

(EUR/GBP)

a one minute EUR/GBP chart

This currency pair EUR/GBP- currency pair – very minor moves!!

(EUR/JPY)

a one minute EUR/JPY chart

This currency pair EUR/JPY- currency pair moved up for 13 minutes about 14 PIPS
Ranged!

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/USD – currency pair – very minor moves!!
Entered 2 trades – both losers!!

(GBP/JPY)

a one minute GBP/JPY chart

This currency pair GBP/JPY- currency pair moved up for 27 minutes about 22 PIPS

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD currency pair ranged!!

The next scheduled release of this report is on Wednesday, 04-07-10 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!