The Fundamental FOREX Blog

Tomorrow, Wednesday, 07-07-10 at 6:00 AM ET. The EUR – German Factory Orders MoM will be released.

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

Last month I did a “follow up” post on Thursday, 06-15-10 at 6:00 AM ET, click here to see the “follow up” of this reports.

Let’s set this up:

EUR – German Factory Orders MoM stats:

Previous = 2.8%

Forecast = 0.5%

Here is how I am set up for tomorrow:

EUR-6-00AM-ET-07-07-10
Looking for a 1.3 difference
Actual > Forecast = Good for EUR
EUR German Factory Orders m/m
——actual——–forecast——–previous
______________0.5%_______2.8%
Out at -1.8% or lower – SELL EUR/USD
Out at 1.8% or higher – BUY EUR/USD

I think I will try a trade of the EUR/USD currency pair again – it seemed to move better with this report.

I think the departure from the “forecast” is going to have to be big, maybe more than 2.0% either way.

I did post a “follow up” soon after this report, click here to see what happened.

The next schedule for this EUR – German Factory Orders report will be on Friday, 08-06-10 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!