On Tuesday, 04-20-10 at 5:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports were released.
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 is the set up:
EUR German ZEW Economic Sentiment Stats:
previous = 44.5
forecast = 45.2
actual = 53.0
EUR EURO-Zone ZEW Survey Economic Sentiment Stats:
previous = 37.9
forecast = 38.9
actual = 46.0
Here is how I was set up and what happened:
EUR-5-00AM-ET-04-20-10
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_____53.0________45.2________44.5
Out at 35.2 or less SELL EUR/USD
Out at 55.2 or more BUY EUR/USD
EUR ZEW Economic Sentiment 46.0 38.9 37.9
Good – “actual” came out higher then “forecast” by 7.8
Good – “actual” came out higher then “previous” by 8.5
Executed 2 trades of the EUR/USD currency pair – both losers!
Here are the charts:
(EUR/CHF)
a one minute EUR/CHF chart
This EUR/CHF currency pair ranged for 36 minutes
(EUR/GBP)
a one minute EUR/GBP chart
This EUR/GBP currency pair spiked down for 2 minutes about 26 PIPS – wrong direction
Moved up next 29 minutes about 33 PIPS – right direction
(EUR/JPY)
a one minute EUR/JPY chart
This EUR/JPY currency pair spiked up for 1 minute about 29 PIPS – right direction
Moved down next 6 minutes about 34 PIPS – wrong direction
Moved up next 24 minutes about 33 PIPS – right direction
(EUR/USD)
a one minute EUR/USD chart
This EUR/USD currency pair spiked up for 1 minute about 26 PIPS – right direction
Moved down next 5 minutes about 32 PIPS – wrong direction
Moved up next 23 minutes about 34 PIPS - right direction
2 losing trades here!!
(GBP/JPY)
a one minute GBP-JPY currency chart
This GBP/JPY currency pair spiked up for 1 minute about 15 PIPS
Moved down next 6 minutes about 35 PIPS
Moved up next 45 minutes about 38 PIPS
(GBP/USD)
a one minute GBP/USD chart
This GBP/USD currency pair spiked up for 1 minute about 16 PIPS
Moved down next 6 minutes about 31 PIPS
Moved up next 45 minutes about 41 PIPS
The next reports are scheduled for Tuesday, 05-18-10 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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