On 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 were 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)
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 = 53.0
forecast = 47.2
actual = 45.8
EUR EURO-Zone ZEW Survey Economic Sentiment Stats:
previous = 46.0
forecast = 44.2
actual = 37.6
Here is how I was set up and what happened:
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
_____45.8________ 47.1
Out at 37.2 or less SELL EUR/USD
Out at 57.2 or more BUY EUR/USD
Bad – “actual” came out lower then “forecast” by 1.4
Bad – “actual” came out lower then “previous” by 7.2
EUR ZEW Economic Sentiment 37.6 44.2 46.0
Bad – “actual” came out lower then “forecast” by 8.4
Bad – “actual” came out lower then “previous” by 6.6
I did not execute a trade this time!!
Here are the charts:
(EUR/CHF)
a one minute EUR/CHF chart
This EUR/CHF currency pair ranged for 26 minutes
Moved down the next 12 minutes about 15 PIPS
(EUR/GBP)
a one minute EUR/GBP chart
This EUR/GBP currency pair moved up 1st 11 minutes about 23 PIPS
Ranged for 15 minutes
(EUR/JPY)
a one minute EUR/JPY chart
This EUR/JPY currency pair moved up 1st 3 minutes about 37 PIPS
Moved down next 29 minutes about 70 PIPS
(EUR/USD)
a one minute EUR/USD chart
This EUR/USD currency pair moved up 1st 5 minutes about 40 PIPS
Moved down next 27 minutes about 59 PIPS
(GBP/JPY)
a one minute GBP/JPY chart
This GBP/JPY currency pair moved up 1st 3 minutes about 25 PIPS
Moved down next 30 minutes about 70 PIPS
(GBP/USD)
a one minute GBP/USD chart
This GBP/USD currency pair ranged for 6 minutes
Moved down next 21 minutes about 35 PIPS
The next reports are scheduled for Tuesday, 06-15-10 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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