On 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 were released.
Four other economic reports were 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 “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 = 45.8
forecast = 48.7
actual = 28.7
EUR EURO-Zone ZEW Survey Economic Sentiment Stats:
previous = 37.6
forecast = 41.2
actual = 18.8
Here is how I was set up and what happened:
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
_____28.7________48.7________45.8
Out at 38.7 or less SELL EUR/USD
Out at 58.7 or more BUY EUR/USD
Bad – “actual” came out lower then “forecast” by 20.0
Bad – “actual” came out lower then “previous” by 17.1
EUR ZEW Economic Sentiment 18.8 41.2 37.6
Bad – “actual” came out lower then “forecast” by 22.4
Bad – “actual” came out lower then “previous” by 18.8
I did execute 2 trades of the EUR/USD currency pair this time – 1 a winner
1 a loser!!
Here are the charts:
(EUR/CHF)
a one minute EUR/CHF chart
This EUR/CHF currency pair moved down for 14 minutes about 18 PIPS – right direction
(EUR/GBP)
a one minute EUR/GBP chart
This EUR/GBP currency pair ranged for 17 minutes
(EUR/JPY)
a one minute EUR/JPY chart
This EUR/JPY currency pair spiked down 1st minute about 39 PIPS
moved up for 52 minutes about 85 PIPS – wrong direction
(EUR/USD)
a one minute EUR/USD chart
This EUR/USD currency pair spiked down 1st 2 minutes about 31 PIPS – right direction
Moved up for 51 minutes about 73 PIPS – wrong direction
(GBP/JPY)
a one minute GBP/JPY chart
This GBP/JPY currency pair spiked down 1st 2 minutes about 50 PIPS
Moved up for 51 minutes about 92 PIPS
(GBP/USD)
a one minute GBP/USD chart
This GBP/USD currency pair spiked down 1st 2 minutes about 35 PIPS
Moved up for 52 minutes about 75 PIPS
The next reports are scheduled for Tuesday, 07-13-10 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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