Tomorrow, Tuesday 07-13-10 at 5:00 AM ET, the EUR German ZEW Survey Economic Sentiment and EUR – EURO-Zone ZEW Survey Economic Sentiment reports will be released.
One other economic report is also being released:
GBP CB Leading Index m/m
The EUR reports are released by the Centre for European Economic Research (ZEW)
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 = 28.7
forecast = 25.2
EUR ZEW Economic Sentiment Stats:
previous = 18.8
forecast = 16.8
Here is how I am set up for tomorrow:
EUR-5-00AM-ET-07-13-10
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
__________________25.2________28.7
Out at 15.2 or less SELL EUR/USD
Out at 35.2 or more BUY EUR/USD
EUR ZEW Economic Sentiment
__________________16.8_______ 18.8
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, 08-17-10 at 5:00 AM ET.
I will probably post a “preview” a day or two prior.
Stay tuned!
