Tomorrow, Tuesday 05-18-10 at 5:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR - EURO-Zone ZEW Survey Economic Sentiment reports will be released.
Two other economic reports are also being released:
EUR CPI y/y
EUR Core CPI y/y
The EUR reports are released by the Centre for European Economic Research (ZEW)
The CPI’s are released through “Eurostat”
I did a “follow up” of last 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 what is going this month:
EUR German ZEW Economic Sentiment Stats:
previous = 53.0
forecast = 47.2
EUR ZEW Economic Sentiment Stats:
previous = 46.0
forecast = 44.2
Here is how I am set up for tomorrow:
EUR-5-00AM-ET-05-18-10
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_________________47.2________53.0
Out at 37.2 or less SELL EUR/USD
Out at 57.2 or more BUY EUR/USD
EUR ZEW Economic Sentiment 44.2 46.0
It appears that the economists do not now believe the EUR German economy is in recovery.
I did post a “follow up” soon after this report was completed, click here to see what happened.
The next schedule release of this report is Tuesday, 06-15-10 at 5:00 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
