On Tuesday, 03-16-10 at 6:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports were released.
Also, three other reports – these may not have any influence on the currency markets.
EUR CPI y/y
EUR Core CPI y/y
GBP CB Leading Index m/m
The EUR reports are released by the Centre for European Economic Research (ZEW)
The EUR CPI reports are release VIA Eurostat
The GBP CB report is released VIA The Conference Board, Inc.
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 is the set up:
EUR German ZEW Economic Sentiment Stats:
previous = 45.1
forecast = 43.5
actual = 44.5
EUR EURO-Zone ZEW Survey Economic Sentiment Stats:
previous = 40.2
forecast = 40.1
actual = 37.9
Here is how I was set up and what happened:
EUR-6-00AM-03-16-10
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
____44.5_________43.5________45.1
Out at 33.5 or less SELL EUR/USD
Out at 53.5 or more BUY EUR/USD
Good – “actual” came out higher then “forecast” by 1.0
Bad – “actual” came out lower then “previous” by 0.6
EUR ZEW Economic Sentiment 37.9 40.1 40.2
Bad – “actual” came out lower then “forecast” by 2.2
Bad – “actual” came out lower then “previous” by 2.3
There was not enough “difference” for a good trade!!
Here are the charts:
(EUR/CHF)
a one minute EUR/CHF chart
This EUR/CHF currency pair ranged!
(EUR/GBP)
a one minute EUR/GBP chart
This EUR/GBP currency pair ranged for 19 minutes
Minor move down
(EUR/JPY)
a one minute EUR/JPY chart
This EUR/JPY currency pair spiked up/down the 1st 2 minutes about 21 PIPS/ 10 PIPS
Moved down for 34 minutes about 21 PIPS
(EUR/USD)
a one minute EUR/USD chart
This EUR/USD currency pair moved up 1st minute about 10 PIPS
Moved down for 35 minutes about 18 PIPS
(GBP/JPY)
a one minute GBP/JPY chart
This GBP/JPY currency pair moved up/down 1st 2 minutes about 27 PIPS/ 11 PIPS
Ranged!
(GBP/USD)
a one minute GBP/USD chart
This GBP/USD currency pair spiked up 1st minute about 18 PIPS
Moved down next 14 minutes about 27 PIPS
Ranged!
The next reports are scheduled for Tuesday, 04-20-10 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!
2 Trackbacks
[...] did post a “follow up” soon after this report is completed, click here to see what [...]
[...] did a “follow up” of last months report, click here for a [...]