The Fundamental FOREX Blog

Tomorrow, Tuesday 06-15-10 at 5:00 AM ET, the EUR German ZEW Survey  Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports will be released.

Four other economic reports are also being released:

EUR Employment Change q/q
EUR Trade Balance
GBP Inflation Report Hearings
GBP CB Leading Index m/m

The EUR reports are released by the Centre for European Economic Research (ZEW)

The EUR Trade Balance and Employment Change are released through “Eurostat”

The GBP Inflation Report is released Quarterly by the Parliament.

And the GBP CB Leading Indicator is released monthly by the The Conference Board Inc.

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 = 45.8

forecast = 48.7

EUR ZEW Economic Sentiment Stats:

previous = 37.6

forecast = 41.2

Here is how I am set up for tomorrow:

EUR-5-00AM-ET-06-15-10
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_________________48.7________45.8
Out at 38.7 or less SELL EUR/USD
Out at 58.7 or more BUY EUR/USD
EUR ZEW Economic Sentiment     41.2    37.6

It appears that the economists do 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, 07-13-10 at 5:00 AM ET.

I will probably post a “preview” a day or two prior.

Stay tuned!