The Fundamental FOREX Blog

On Thursday, 05-06-10 at 6:00 AM ET. The EUR – German Factory Orders MoM was released.

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

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

I had 2 winning trades that day with the currency pair EUR/USD.

Here is what happened:

EUR – German Factory Orders MoM stats:

Previous = 0.0%

Forecast = 1.3%

Actual = 5.0%

Here is how I was set up and what happened:

EUR-6-00AM-ET-05-06-10
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual———-forecast———-previous
_____5.0%_______1.3%________0.0%
Out at 0.0% or lower – SELL EUR/USD
Out at 2.6% or higher – BUY EUR/USD
Good – “actual” came out higher then the “forecast” by 3.7%
Good – “actual” came out higher then the “previous” by 5.0%

Here are the charts:

(EUR/CHF)

a one minute EUR/CHF chart

This currency pair EUR/CHF currency pair ranged!!

(EUR/GBP)

a one minute EUR/GBP chart

This currency pair EUR/GBP- currency pair ranged for 30 minutes!!

(EUR/JPY)

a one minute EUR/JPY chart

This currency pair EUR/JPY- currency pair moved up for 10 minutes about 31 PIPS – right direction
Ranged!!

(EUR/USD)

a one minute EUR/USD chart

This currency pair EUR/ USD – currency pair moved up for 39 minutes about 28 PIPS – right direction
2 winning trades here!!!

(GBP/JPY)

a one minute GBP/JPY chart

This currency pair GBP/JPY- currency pair moved up for 10 minutes about 23 PIPS
moved down for 12 minutes about 20 PIPS

(GBP/USD)

a one minute GBP/USD chart

This currency pair GBP/USD currency pair moved up for 35 minutes about 33 PIPS

The next scheduled release of this report is on Monday, 06-07-10 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!