The Fundamental FOREX Blog

On 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 were released.

One other economic report was 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 “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 = 28.7

forecast = 25.2

actual = 21.1

EUR EURO-Zone ZEW Survey Economic Sentiment Stats:

previous = 18.8

forecast = 16.8

actual = 10.7

Here is how I was set up and what happened:

EUR-3-00AM-07-13-10
Looking for a 10.0 difference
Actual > Forecast = Good for EUR
EUR German ZEW Economic Sentiment
——actual———-forecast———-previous
_____21.1__________25.2________28.7
Out at 15.2 or less SELL EUR/USD
Out at 35.2 or more BUY EUR/USD
Bad – “actual” came out lower then “forecast” by 4.1
Bad – “actual” came out lower then “previous” by 7.6

EUR ZEW Economic Sentiment
_____10.7__________ 16.8________ 18.8
Bad – “actual” came out lower then “forecast” by 6.1
Bad – “actual” came out lower then “previous” by 8.1

I did not execute any trades this time – not enough difference!!

Here are the charts:

(EUR/CHF)

a one minute EUR/CHF chart

This EUR/CHF currency pair ranged for 17 minutes
Moved up for 13 minutes about 25 PIPS

(EUR/GBP)

a one minute EUR/GBP chart

This EUR/GBP currency pair moved down 1st minute about 9 PIPS
Ranged for 37 minutes

(EUR/JPY)

a one minute EUR/JPY chart

This EUR/JPY currency pair ranged for 17 minutes
Moved up next 14 minutes about 35 PIPS

(EUR/USD)

a one minute EUR/USD chart

This EUR/USD currency pair spiked down/up 1st minute about 12 PIPS/ 10 PIPS
Minor move down next 2 minutes
Moved up next 56 minutes about 55 PIPS

(GBP/JPY)

a one minute GBP/JPY chart

This GBP/JPY currency pair moved up for 31 minutes about 65 PIPS

(GBP/USD)

a one minute GBP/USD chart

This GBP/USD currency pair  continued move up

The next reports are scheduled for Tuesday, 08-17-10 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!